South Melbourne Suburb Profile
Victoria 3205

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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.
There are currently 50 properties listed for sale, and 37 properties listed for rent in South melbourne on OnTheHouse. According to CoreLogic's data, 432 properties were sold in the past 12 months in South melbourne.

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.

Suburb Insights for SOUTH MELBOURNE 3205

Market Insights
South Melbourne Trends for Houses
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
South Melbourne Trends for Units
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Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age

Population 10,892

0-9

 

9%

10-19

 

6%

20-29

 

18%

30-39

 

22%

40-49

 

15%

50-59

 

11%

60-69

 

9%

70-79

 

5%

80-89

 

3%

90-99

 

1%

Household Structure
Occupancy

Last Updated: 18/12/2024

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.