South Melbourne, VIC 3205

South Melbourne, VIC 3205

Compare Part of Port Phillip

1.88 km
Distance from 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

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