South Melbourne, VIC 3205
Compare Part of Port Phillip
1.88 km
Distance from Melbourne CBD
11 k
Population
Auction Times
Sat 2 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 13 Heather Street 3 2 1 Townhouse | 11:00 AM Sat 2nd Jul | Cayzer Real Estate |
 | 12 Nelson Road 3 2 1 House | 11:30 AM Sat 2nd Jul | Hocking Stuart |
 | 20 Morris Street 1 1 0 House | 12:00 PM Sat 2nd Jul | Buxton |
Sat 9 Jul | Auction Time | Agency | |
|---|---|---|---|
 | 15/287 Bank Street 3 2 1 House | 10:30 AM Sat 9th Jul | Marshall White |
 | 1306/39 Park Street 2 2 1 Apartment | 10:30 AM Sat 9th Jul | Greg Hocking Real Estate |
 | 412/59 Thistlethwaite Street 1 1 0 Apartment | 11:00 AM Sat 9th Jul | Elite Real Estate |
 | 414 Dorcas Street 2 1 0 House | 12:00 PM Sat 9th Jul | Frank Gordon |
 | 52 Glover Street 2 2 1 House | 2:30 PM Sat 9th Jul | Buxton |
Median Sale Price
House
$1.57M
Updated on May 2022
2 BR $1.23M | 3 BR $1.96M | 4 BR $2.62M |
Unit
$611K
Updated on May 2022
1 BR $440K | 2 BR $620K | 3 BR $871K |
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% | $1,030,000 | $10,100,000 | 56 |
Median Sale Price
$1.75M
Based on 125 recorded sales within the last 12 months
Updated on 27 Jun 2022
Suburb Growth
+4.3%
Current Median Price: $1,750,000
Previous Median Price: $1,675,000
Based on 238 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$690
Updated on May 2022
2 BR $600 | 3 BR $835 | 4 BR $1,100 |
Unit
$425
Updated on May 2022
1 BR $360 | 2 BR $495 | 3 BR $850 | 4 BR $900 |
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 | 219 |
| 2021 | $650 | 0.0% | $260 | $3,000 | 189 |
| 2022 | $675 | +3.7% | $280 | $1,300 | 88 |
Median Rent Price
$660
per week
Based on 183 recorded rent within the last 12 months
Updated on 27 Jun 2022
Rent Price Growth
+3.0%
Current Median Rent: $660
Previous Median Rent: $640
Based on 384 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $1,750,000
Current Median rent: $660
Based on 308 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Auction Results For South Melbourne
Houses sold in Last 12 months ends 25 Jun 2022
$1.74M
Median Sale Price
77%
Clearance Rate
64/84
Sold/Reported
$10.1M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 6 | |
| $2 M - $3 M | 8 | |
| $1.8 M - $2 M | 3 | |
| $1.6 M - $1.8 M (Median Price Range) | 4 | |
| $1.4 M - $1.6 M | 1 | |
| $1.2 M - $1.4 M | 6 | |
| $1 M - $1.2 M | 8 | |
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 |