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 $1,435,000 and this has changed -4.18% over the past year and changed -18.00% over 2 years.

The median rent in South Melbourne for houses is $750 per week and the median rental yield is 2.71%. Stock on the market for houses/townhouses has changed 17.50% compared to last year and the average time to sell a house/townhouse is 64 days.The median listing price for units is $620,000 and this has changed -1.51% over the past year. The average unit takes 180 days to sell and the median rent for a unit in South Melbourne is $590 per week, producing a rental yield of 4.94%.

Supply & Demand in South Melbourne, Port Phillip

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South Melbourne investment property listings

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