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East Melbourne
VIC, 3002 - Melbourne

Thinking about buying in East Melbourne? Now could not be a better time, with 8751 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,244,000 with prices in this suburb ranging from $111,000 to $18,539,000. East Melbourne is located fairly close to the coast at just 2Km 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 $450.64
Median Monthly Mortgage $2504.43
Median Persons Per Bedroom 0.94
Average Household Size 2.00
Average Age 42.64
Average Income $1360.21
Average Cars Per Dwelling 1.15
Average Properties Within 50M 227

Housing Stock

Average Property Prices

1 Bed  $1,006,000
2 Bed  $2,106,000
3 Bed  $4,115,000
4 Bed  $5,414,000
5 Bed  $8,256,000
6 Bed+$4,870,000

East Melbourne Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in East 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. A mix of professions and above average income earners in East Melbourne provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in East Melbourne to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in East Melbourne we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make East Melbourne a better buying opportunity than it may have been in the past.

Properties for sale East Melbourne

Nelson Alexander SHOP 3, 166 ALBERT ST, EAST MELBOURNE, VIC, 3002 Beds3 Bathrooms2 Parking 2 Contact Agent
Woodards UNIT 13, 101-103 GEORGE ST, EAST MELBOURNE, VIC, 3002 Beds1 Bathrooms1 $225,000

Local Schools

Collingwood English Language School

Ozford College

The David Scott School

Richmond West Primary School

Academy of Mary Immaculate

Melbourne Indigenous Transition School

Carlton Gardens Primary School

Abbotsford Primary School

Sacred Heart School

Collingwood College

(While the above schools are located with the suburb of East 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.

East 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

CollingwoodMelbourneFitzroyCremorneRichmondAbbotsfordCarltonSouthbankSouth YarraSouth Wharf

Public Transport


General Points of Interest

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