2604/259 Normanby Road South Melbourne VIC 3205
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Stunning Completed Sub-penthouse
Property Details for 2604/259 Normanby Rd, South Melbourne
2604/259 Normanby Rd, South Melbourne is a 3 bedroom, 3 bathroom Apartment with 2 parking spaces. The place is currently for sale with Oxbridge Property Group.
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About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2011 was 9,317 people. By 2016 the population was 10,892 showing a population growth of 16.9% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2011, 44.8% of the homes in South Melbourne were owner-occupied compared with 40.2% in 2016.
South Melbourne has 11,254 properties. Over the last 5 years, Houses in South Melbourne have seen a 10.22% increase in median value, while Units have seen a -1.85% decrease. As at 30 November 2024:
- The median value for Houses in South Melbourne is $1,703,817 while the median value for Units is $603,220.
- Houses have a median rent of $700 while Units have a median rent of $630.
Suburb Insights for South Melbourne 3205
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