South Melbourne, VIC 3205
Compare Part of Port Phillip
1.88 km
Distance from Melbourne CBD
11 k
Population
Auction Times
Sat 30 Jan | Auction Time | Agency | |
|---|---|---|---|
 | 426 Dorcas Street 4 3 1 House | 11:30 AM Sat 30th Jan | Greg Hocking Real Estate |
Median Sale Price
House
$1.53M
Updated on Dec 2020
2 BR $1.18M | 3 BR $1.59M | 4 BR $2.55M |
Unit
$580K
Updated on Dec 2020
1 BR $441K | 2 BR $633K | 3 BR $870K |
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 | $1,325,000 | -10.9% | $820,000 | $3,250,000 | 85 |
| 2020 | $1,625,000 | +18.5% | $984,000 | $5,375,000 | 86 |
| 2021 | - | - | - | - | - |
Median Sale Price
$1.63M
Based on 85 recorded sales within the last 12 months
Updated on 18 Jan 2021
Suburb Growth
+18.5%
Current Median Price: $1,625,000
Previous Median Price: $1,325,000
Based on 170 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$630
Updated on Dec 2020
2 BR $578 | 3 BR $800 | 4 BR $1,050 |
Unit
$450
Updated on Dec 2020
1 BR $395 | 2 BR $500 | 3 BR $825 | 4 BR $845 |
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 | $690 | +2.2% | $350 | $3,000 | 185 |
| 2020 | $660 | -4.5% | $320 | $1,800 | 212 |
| 2021 | - | - | - | - | - |
Median Rent Price
$660
per week
Based on 204 recorded rent within the last 12 months
Updated on 18 Jan 2021
Rent Price Growth
-7.6%
Current Median Rent: $660
Previous Median Rent: $710
Based on 392 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $1,625,000
Current Median rent: $660
Based on 289 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For South Melbourne
Houses sold in Last 12 months ends 16 Jan 2021
$1.45M
Median Sale Price
85%
Clearance Rate
38/45
Sold/Reported
$2.25M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 3 | |
| $1.8 M - $2 M | 2 | |
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M (Median Price Range) | 4 | |
| $1.2 M - $1.4 M | 7 | |
| $1 M - $1.2 M | 3 | |
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 |