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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 2 of 2 investment properties found in South Melbourne on realestateinvestar.com.au

N/A, South Melbourne

$750,000

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Luxury 3-Bedroom Apartment with Stunning Views in Sustainable La

Arrange a private inspection today. Welcome to this development, a visionary address redefining modern living in the vibrant heart of South Melbourne. Set for completion in May 2026, this thoughtfully designed residence offers the perfect balance of urban energy and natural serenity. This elegant ...

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VIC 3205


914/52 Park St, South Melbourne

$299,000

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Spacious Entertainer with Picturesque Bay Views

Highlighting the blue-water beauty of Port Phillip Bay, this impressive 1 bedroom apartment boasts an abundance of sunlit space in a sought-after South Melbourne pocket. Head downstairs and stroll to acres of lush Royal Botanic Gardens greenery, South Melbourne Market, Albert Park Lake, the arts ...

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VIC 3205


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