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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 $1,447,500 and this has changed -3.34% over the past year and changed -14.86% over 2 years.

The median rent in South Melbourne for houses is $750 per week and the median rental yield is 2.69%. Stock on the market for houses/townhouses has changed -18.60% compared to last year and the average time to sell a house/townhouse is 61 days.The median listing price for units is $628,500 and this has changed 1.37% over the past year. The average unit takes 156 days to sell and the median rent for a unit in South Melbourne is $590 per week, producing a rental yield of 4.88%.

Supply & Demand in South Melbourne, Port Phillip

1.82%

Current vacancy rate


168

Rental stock available


10,921

Population


45.19%

Rental population


1.64%

Current vacancy rate


874

Rental stock available


100,866

Population


43.19%

Rental population


0.93%

Current vacancy rate


28,886

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 $1,447,500 $1,816,000 $628,500
Median price change - last quarter -1.04% 12.50% 3.33%
Median price change - 1 year -3.34% 19.08% 1.37%
Median price change - 2 years -14.86% 17.16% 0.56%
  House Townhouses Units
Median weekly rent $750 $860 $590
Median yield % 2.69% 2.46% 4.88%
Median rent change - 1 year 0.00% -11.80% 2.60%
  House Units
Previous month sales 3 22
Stock on market previous month 35 160
Stock variance vs. last year -18.60% 6.67%
Average days on market 61 156

South Melbourne investment property listings

Showing 1 of 1 investment properties found in South Melbourne on realestateinvestar.com.au

304/2 Albert Rd, South Melbourne

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Exceptional Shrine Views & Premier Lifestyle

Positioned on the third floor of the renowned 'Hallmark' building, this unique north-facing apartment captures breathtaking views across the Shrine and Kings Domain. Boasting an expansive terrace ideal for entertaining and located directly opposite the Royal Botanic Gardens, this residence ...

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VIC 3205


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