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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 5 of 224 investment properties found in South Melbourne on realestateinvestar.com.au

1309/2-14 Albert Rd, South Melbourne

$675,000

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Stylish Live-In or Investment Apartment with Views, between Bota

Phone enquiries - please call 1300 594 794 and quote property ID 38854. PRIVATE INSPECTIONS INVITED AT A TIME TO SUIT YOU! Or attend the next Open House. THE APARTMENT You will not be disappointed with this stylish 2-bedroom plus study apartment on the 13th floor of the beautifully renovated and ...

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VIC 3205


507/338 Kings Way, South Melbourne

$620,000

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The Perfect City Home or High-Yield Investment

Enviably positioned between Albert Park Lake and the Royal Botanic Gardens, this contemporary two-bedroom apartment within the acclaimed Silver Leaf development captures the essence of refined city living. Elevated on the cusp of the Arts and Crown Entertainment precincts, it offers exceptional ...

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VIC 3205


96-98 Napier St, South Melbourne

$2,950,000

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One of a Kind Architectural Masterpiece

Expression of Interest 24 March 4.00pm Fronting a quiet leafy street on the city's edge, this outstanding DKO-designed residence captures the essence of contemporary living with a striking architectural presence, secure remote garage and a north-facing rear orientation made for entertaining. ...

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House

VIC 3205


281 Cecil St, South Melbourne

$1,800,000

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Captivating Entertainer in a Prestigious Parkside Position

Fast Five Why? Flowing over two levels on a corner block, the natural ease of this Victorian-era treasure is perfectly in tune with a spectacular renovation. Embrace a masterful sense of space, style and sunlight internally before drifting to a paved courtyard at the east-facing rear. Dine, ...

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VIC 3205


302/21 Thistlethwaite St, South Melbourne

$1,000,000

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Spacious, Stylish & Perfectly Positioned

Positioned within a tightly held boutique complex in South Melbourne, this elevated residence delivers an exceptional blend of space, style and natural light. Generous proportions throughout create an immediate sense of openness and comfort. At the heart of the home, a beautifully appointed stone ...

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VIC 3205


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