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 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

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