The established neighbourhood of South Melbourne is between the south bank of the Yarra River and Port Phillip Bay located two kilometres south of Melbourne. The housing stock dates primarily from the Victorian era with a significant stock of high rise public housing from the 1960s and 1970s. The neighbourhoods are well served by several tramlines and the St Kilda light rail line. The South Melbourne activity centre including Clarendon Street and the South Melbourne Market attracts local and regional visitors. Significant established business precincts offer a location for small and medium size firms close to central Melbourne. Other notable physical features include the South Melbourne Town Hall and the South Melbourne Soccer Ground.
Median data for December 2019 Quarter. Click here for details.
Median Sale Price
$1.83m
Metro Melbourne
$929k
Quarterly Price Change
-3.7%
2%
Median Rent
$800
$550
Rental Yield
2.6%
3.1%
$625k
$635k
-0.8%
0.3%
$580
$520
4.8%
4.3%
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