41/1-27 Wellington Crescent

East Melbourne VIC 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,755 properties. Over the last 5 years, Houses in East Melbourne have seen a -18.72% decrease in median value, while Units have seen a 8.82% increase. As at 30 November 2024:

• The median value for Houses in East Melbourne is $3,150,238 while the median value for Units is $802,764.
• Houses have a median rent of $1,100 while Units have a median rent of $625.