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.

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

	32B NAPIER ST, SOUTH MELBOURNE, VIC, 3205	2	2	1	OFFERS: $670K - $720K
	UNIT 410, 52 PARK ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	$350,000 - $370,000
	UNIT 1, 270 ALBERT RD, SOUTH MELBOURNE, VIC, 3205	6	4	3	$3,100,000 - $3,400,000
	113-115 MORAY ST, SOUTH MELBOURNE, VIC, 3205	2	1	2	$1,300,000 - $1,400,000
	UNIT 607, 74-76 EASTERN RD, SOUTH MELBOURNE, VIC, 3205	2	2	1	Expressions of Interest: $775,000 - $825,000
	UNIT 102, 244 DORCAS ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	Private Sale - $495,000 - $540,000
	UNIT 403, 67-71 STEAD ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	Sale by set date: $410,000 - $450,000
	UNIT 1, 278-282 KINGS WAY, SOUTH MELBOURNE, VIC, 3205	3	2	1	$900,000 - $990,000
	UNIT 3, 164 ALBERT RD, SOUTH MELBOURNE, VIC, 3205	1	1		$450,000 - $460,000
	UNIT 207, 211 DORCAS ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	$340,000 - $370,000
	UNIT 305, 211 DORCAS ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	Private Sale: $340,000 - $360,000
	UNIT 18, 2-4 HEATHER ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	$450,000 - $475,000
	UNIT 804, 69-71 STEAD ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	$395,000
	UNIT 405, 211 DORCAS ST, SOUTH MELBOURNE, VIC, 3205	2	1	1	525000
	UNIT 212, 28 BANK ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	450000
	UNIT 513, 52 PARK ST, SOUTH MELBOURNE, VIC, 3205	1	1	0	295000
	UNIT 305, 67-71 STEAD ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	345000
	UNIT 6, 278 KINGS WAY, SOUTH MELBOURNE, VIC, 3205	3	3	1	Forthcoming Auction

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General Points of Interest

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