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Investment Property East Melbourne, VIC, 3002

Suburb Snapshot

East Melbourne is a suburb in the Melbourne Region of Victoria. East Melbourne has a population of 4,960 people and 41.44% of its occupants live in rental accommodation. The median listing price for houses is $3,000,000 and this has changed -24.53% over the past year and changed 50.00% over 2 years.

The median rent in East Melbourne for houses is $1,100 per week and the median rental yield is 1.90%. Stock on the market for houses/townhouses has changed 7.69% compared to last year and the average time to sell a house/townhouse is 112 days.The median listing price for units is $725,000 and this has changed 16.00% over the past year. The average unit takes 97 days to sell and the median rent for a unit in East Melbourne is $600 per week, producing a rental yield of 4.30%.

Supply & Demand in East Melbourne, Melbourne

1.93%

Current vacancy rate


65

Rental stock available


4,960

Population


41.44%

Rental population


2.45%

Current vacancy rate


3,287

Rental stock available


135,965

Population


52.20%

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 East Melbourne, Melbourne

  House Townhouses Units
Median listing price $3,000,000 NA $725,000
Median price change - last quarter 0.41% NA 0.34%
Median price change - 1 year -24.53% NA 16.00%
Median price change - 2 years 50.00% NA 3.94%
  House Townhouses Units
Median weekly rent $1,100 $860 $600
Median yield % 1.90% NA 4.30%
Median rent change - 1 year 0.00% -1.15% 4.34%
  House Units
Previous month sales 2 5
Stock on market previous month 14 51
Stock variance vs. last year 7.69% -13.56%
Average days on market 112 97

East Melbourne investment property listings

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