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Investment Property South Melbourne, VIC, 3205

Suburb Snapshot

South Melbourne is a suburb in the Port Phillip Region of Victoria. South Melbourne has a population of 10,921 people and 45.19% of its occupants live in rental accommodation. The median listing price for houses is $1,497,500 and this has changed -14.43% over the past year and changed -9.25% over 2 years.

The median rent in South Melbourne for houses is $750 per week and the median rental yield is 2.60%. Stock on the market for houses/townhouses has changed -6.98% compared to last year and the average time to sell a house/townhouse is 83 days.The median listing price for units is $629,500 and this has changed 1.12% over the past year. The average unit takes 211 days to sell and the median rent for a unit in South Melbourne is $570 per week, producing a rental yield of 4.70%.

Supply & Demand in South Melbourne, Port Phillip

1.73%

Current vacancy rate


148

Rental stock available


10,921

Population


45.19%

Rental population


1.59%

Current vacancy rate


826

Rental stock available


100,866

Population


43.19%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for South Melbourne, Port Phillip

  House Townhouses Units
Median listing price $1,497,500 NA $629,500
Median price change - last quarter -0.17% NA -0.08%
Median price change - 1 year -14.43% NA 1.12%
Median price change - 2 years -9.25% NA -2.41%
  House Townhouses Units
Median weekly rent $750 $975 $570
Median yield % 2.60% NA 4.70%
Median rent change - 1 year 11.11% 14.70% 15.15%
  House Units
Previous month sales 5 0
Stock on market previous month 40 149
Stock variance vs. last year -6.98% -14.37%
Average days on market 83 211

South Melbourne investment property listings

Showing 5 of 193 investment properties found in South Melbourne on realestateinvestar.com.au

N/A, South Melbourne

$730,000

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Off the plan apartment: Experience Sustainable Luxury Living in

Arrange a private presentation today. Perched on the 5th level of a brand new meticulously designed building, this apartment offers a blend of modern luxury and eco-conscious living. Boasting 2 bedrooms, 2 bathrooms, and a generous internal area of 78 square meters, it provides ample space for ...

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VIC 3205


N/A, South Melbourne

$826,000

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Urban Oasis: Luxury Living with Stunning Views and Sustainable A

Arrange a private presentation today. Located on the eleventh level, this exquisite apartment offers a blend of modern luxury and sustainable living in the heart of South Melbourne. Boasting 2 bedrooms and 2 bathrooms, it provides ample space for comfortable living. The added convenience of a ...

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VIC 3205


N/A, South Melbourne

$1,305,000

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Luxurious Urban Living with Spectacular Views: Superb 3 Bedroom

Arrange a private presentation today. Perched on the fourth level of a meticulously designed mixed-use building, this apartment offers a luxurious urban lifestyle in the heart of South Melbourne. Boasting 3 bedrooms, 2 bathrooms, and a secure car park, this residence provides both comfort and ...

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VIC 3205


N/A, South Melbourne

$1,355,000

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Luxurious Urban Retreat with Bay Views: 3 Bedroom Apartment in S

Arrange a private presentation today. Nestled on the fifth level of a contemporarybuilding, this 3 bedroom, 2 bathroom apartment offers a luxurious urban retreat in the heart of South Melbourne. Boasting an expansive internal area of 130 square meters, complemented by a sprawling 24-square-meter ...

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VIC 3205


N/A, South Melbourne

$519,000

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Off the plan apartment: Outstanding 1 Bedroom Apartment in Sout

Arrange a private presentation today. Located just a stone's throw from South Melbourne Market, Crown Casino, and the CBD, this apartment offers an ideal haven to call home. Situated on level 14 with views towards the CBD, this apartment features 1 bedroom and 1 bathroom, featuring an internal ...

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VIC 3205


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