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South Melbourne
VIC, 3205 - Port Phillip

Thinking about buying in South Melbourne? Now could not be a better time, with 14461 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,446,000 with prices in this suburb ranging from $278,000 to $13,818,000. South Melbourne is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $477.17
Median Monthly Mortgage $2748.02
Median Persons Per Bedroom 0.94
Average Household Size 2.05
Average Age 40.32
Average Income $1322.22
Average Cars Per Dwelling 1.08
Average Properties Within 50M 190

Housing Stock

Average Property Prices

1 Bed  $836,000
2 Bed  $1,284,000
3 Bed  $2,682,000
4 Bed  $3,892,000
5 Bed  $4,829,000
6 Bed+$6,100,000

South Melbourne Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in South Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in South Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in South Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Properties for sale South Melbourne

Belle Property 68A NAPIER ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms2 Parking 1 OFFERS: $850K-$900K
Belle Property UNIT 1, 344 MORAY ST, SOUTH MELBOURNE, VIC, 3205 Beds3 Bathrooms1 OFFERS: $1,800,000 - $1,900,000
Belle Property UNIT 201, 58 STEAD ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms1 Parking 1 OFFERS: $500,000 - $550,000
Century 21 368 ALBERT RD, SOUTH MELBOURNE, VIC, 3205 Beds5 Bathrooms3 Parking 2 FOR SALE - CONTACT AGENT
Fletchers UNIT 907, 52 PARK ST, SOUTH MELBOURNE, VIC, 3205 Beds1 Bathrooms1 For Sale $345,000 - $365,000
Harcourts LEVEL 2, UNIT 208, 51 THISTLETHWAITE ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms2 Parking 1 $620,000 - $650,000
Nelson Alexander UNIT 2, 88 PARK ST, SOUTH MELBOURNE, VIC, 3205 Beds5 Bathrooms4 Parking 4 Auction $650,000 - $700,000
Professionals UNIT 804, 69-71 STEAD ST, SOUTH MELBOURNE, VIC, 3205 Beds1 Bathrooms1 Parking 1 $395,000
Ray White UNIT 2705, 89 GLADSTONE ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms2 Parking 1 500000
Ray White UNIT 101, 109 YORK ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms1 Parking 1 600000
Ray White 316 FERRARS ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms2 Parking 0 900000
Ray White 1 NAPIER PL, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms1 Parking 0 1100000
Ray White UNIT 7, 88 PARK ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms1 Parking 1 650000
The Agency UNIT 110, 74-76 EASTERN RD, SOUTH MELBOURNE, VIC, 3205 Beds1 Bathrooms1 $445,000
Woodards UNIT 308, 85 MARKET ST, SOUTH MELBOURNE, VIC, 3205 Beds1 Bathrooms1 $380,000
Woodards UNIT 803, 85 MARKET ST, SOUTH MELBOURNE, VIC, 3205 Beds2 Bathrooms2 Parking 1 $640,000

Local Schools

Montague Continuing Education Centre

Galilee Regional Catholic Primary School

Hester Hornbrook Academy

South Melbourne Primary School

MacRobertson Girls High School

Victorian College Of The Arts Secondary School

Albert Park Primary School

Albert Park College

Melbourne Grammar School

Port Phillip Specialist School

(While the above schools are located with the suburb of South Melbourne there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

South Melbourne weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

SouthbankSouth WharfAlbert ParkMelbourneMiddle ParkDocklandsSt Kilda WestSouth YarraEast MelbournePort Melbourne

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General Points of Interest

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