South Melbourne, VIC
Find the latest property data and property news available for the suburb of South Melbourne, plus mapping tools and demographic information. If you are thinking of selling, buying, or investing in property in South Melbourne, then our suburb snapshot is crucial reading. Property price and rental data for the suburb of South Melbourne is provided by RP Data.
News
Hollywood special effects studio leases heritage space in Melbourne
Luma Pictures will pay net rent in the high $300s per square metre per annum in Heritage Victoria listed, warehouse-style space at 256 Clarendon Street.
Suburb Snapshot
Houses
| Median sale price | $905,000 |
| Change in median price in last year | -2.1% |
| Change in median price in past five years | 13.1% |
| Average discount | -7.9% |
| Average time on market | 78.3 |
| Average hold period | 9.6 |
| Median price for houses $350k to $750k | $646,000 |
| Median price for houses over $750k | $1,050,000 |
| Median asking rent | $605 |
| Indicative gross rental yield | 3.5% |
Units
| Median sale price | $523500 |
| Change in median price in last year | -2.0% |
| Change in median price in past five years | 19.0% |
| Average discount | -7.6% |
| Average time on market | 85.8 |
| Average hold period | 7.6 |
| Median price for units $350k to $750k | $523,500 |
| Median price for units over $750k | $1,250,000 |
| Median asking rent | $510 |
| Indicative gross rental yield | 5.1% |
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