410/38 Bank Street

South Melbourne VIC 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 11,264 properties. Over the last 5 years, Houses in South Melbourne have seen a -3.97% decrease in median value, while Units have seen a -5.57% decrease. As at 31 January 2025:

• The median value for Houses in South Melbourne is $1,600,742 while the median value for Units is $591,629.
• Houses have a median rent of $708 while Units have a median rent of $622.