South Melbourne, VIC 3205
Compare Part of Port Phillip
1.88 km
Distance from Melbourne CBD
11 k
Population
Auction Times
Sat 10 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 37 Lyell Street 2 1 0 House | 10:30 AM Sat 10th Dec | Marshall White |
 | 352 Moray Street 5 3 0 House | 11:00 AM Sat 10th Dec | Cayzer Real Estate |
 | 5 Mountain Street 3 1 1 House | 11:30 AM Sat 10th Dec | Greg Hocking Real Estate |
 | 14-16 Hotham Street 1 1 0 House | 12:30 PM Sat 10th Dec | Marshall White |
 | 64A Napier Street 2 1 1 Apartment | 1:00 PM Sat 10th Dec | Cayzer Real Estate |
 | 26 Nelson Place 4 2 1 House | 1:30 PM Sat 10th Dec | The Agency |
Sat 17 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 6/38 Bank Street 2 2 1 Apartment | 10:30 AM Sat 17th Dec | Core Realty |
Median Sale Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $970,000 | 0.0% | $441,500 | $4,710,000 | 107 |
| 2010 | $990,000 | +2.0% | $460,000 | $3,250,000 | 119 |
| 2011 | $955,000 | -3.7% | $435,000 | $6,250,000 | 89 |
| 2012 | $935,000 | -2.1% | $310,000 | $2,350,000 | 108 |
| 2013 | $1,020,000 | +8.3% | $386,000 | $4,525,000 | 142 |
| 2014 | $1,256,000 | +18.8% | $611,000 | $4,540,000 | 105 |
| 2015 | $1,315,000 | +4.5% | $750,000 | $4,500,000 | 67 |
| 2016 | $1,610,000 | +18.3% | $400,000 | $5,300,000 | 75 |
| 2017 | $1,600,000 | -0.6% | $807,500 | $4,600,000 | 100 |
| 2018 | $1,470,000 | -8.8% | $865,000 | $3,776,000 | 63 |
| 2019 | $1,350,000 | -8.9% | $820,000 | $4,200,000 | 86 |
| 2020 | $1,650,000 | +18.2% | $905,000 | $5,375,000 | 89 |
| 2021 | $1,735,000 | +4.9% | $610,000 | $7,330,000 | 135 |
| 2022 | $1,700,000 | -2.1% | $950,000 | $10,100,000 | 95 |
Median Sale Price
$1.75M
Based on 107 recorded sales within the last 12 months
Updated on 9 Dec 2022
Suburb Growth
+1.7%
Current Median Price: $1,750,000
Previous Median Price: $1,720,000
Based on 239 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2022)
Price Range Segments (12 months ending Nov 2022)
Median Weekly Rent Price
House
-
Updated on Oct 2022
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2022
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $520 | 0.0% | $260 | $1,660 | 126 |
| 2012 | $600 | +13.3% | $300 | $1,900 | 144 |
| 2013 | $600 | 0.0% | $350 | $1,700 | 149 |
| 2014 | $625 | +4.0% | $375 | $2,200 | 135 |
| 2015 | $610 | -2.5% | $300 | $2,750 | 205 |
| 2016 | $650 | +6.2% | $350 | $2,500 | 199 |
| 2017 | $650 | 0.0% | $330 | $2,200 | 182 |
| 2018 | $675 | +3.7% | $350 | $1,900 | 203 |
| 2019 | $700 | +3.6% | $350 | $3,000 | 186 |
| 2020 | $650 | -7.7% | $300 | $1,800 | 220 |
| 2021 | $650 | 0.0% | $260 | $3,000 | 189 |
| 2022 | $690 | +5.8% | $280 | $2,300 | 169 |
Median Rent Price
$690
per week
Based on 181 recorded rent within the last 12 months
Updated on 9 Dec 2022
Rent Price Growth
+5.8%
Current Median Rent: $690
Previous Median Rent: $650
Based on 374 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $1,750,000
Current Median rent: $690
Based on 288 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2022)
Auction Results For South Melbourne
Houses sold in Last 12 months ends 3 Dec 2022
$1.7M
Median Sale Price
79%
Clearance Rate
63/80
Sold/Reported
$10.1M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 7 | |
| $2 M - $3 M | 5 | |
| $1.8 M - $2 M | 4 | |
| $1.6 M - $1.8 M (Median Price Range) | 5 | |
| $1.4 M - $1.6 M | 3 | |
| $1.2 M - $1.4 M | 6 | |
| $1 M - $1.2 M | 5 | |
Similar Suburbs to South Melbourne 3205
Based on median house sale price sold in last 12 months
Schools closest to South Melbourne, VIC 3205
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Victorian College Of The Arts Secondary SchoolTop 50 | 57 MILES STREETSouthbank 3006 | Secondary | Government | 0.53 km |
| Galilee Regional Catholic Primary School | MONTAGUE STREET & BANK STREETSouth Melbourne 3205 | Primary | Catholic | 0.8 km |
| Eltham College of Education City CampusTop 100 | Melbourne 3000 | Combined | Independent | 1.48 km |
| Albert Park Primary School | BRIDPORT STREETAlbert Park 3206 | Primary | Government | 1.43 km |
| MacRobertson Girls High SchoolTop 5 | 350-370 KINGS WAYMelbourne 3004 | Secondary | Government | 1.3 km |
| Melbourne Grammar School | DOMAIN ROADMelbourne 3004 | Combined | Independent | 1.34 km |
| Middle Park Primary School | 194 RICHARDSON STREETMiddle Park 3206 | Primary | Government | 1.99 km |
| Albert Park College | 83 DANKS STREETAlbert Park 3206 | Secondary | Government | 1.91 km |