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 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

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