Best Real Estate Agents South Melbourne Victoria 3205 | Image Property

South Melbourne

VIC 3205

Last month South Melbourne had 88 properties available for rent and 82 properties for sale. Median property prices over the last year range from $1,230,000 for houses to $448,500 for units. If you are looking for an investment property, consider houses in South Melbourne rent out for $850 with an annual rental yield of 3.26% and units rent for $650 with a rental yield of 7.48%. South Melbourne has seen an annual compound growth rate of 11.96% for houses and 1.35% for units.

Market Statistics Summary* ^

Last 12 months (last updated: March 2026)

$1.7M

Median Sale Price

The median sale price is the middle value of all sale prices in a given period.

10.86%

Annual Change in Median Price

Change in sale price of properties sold in the last 12 months compared to 12 months prior.

125

Properties Sold

The number of properties sold in the last year.

25

Median Days on Market

The middle value of all days on market for properties sold in a given period.

$850

Median Rent

The middle value of all rental prices in a given period.

3.20%

Median Rental Yield

Estimated annual rent earned on a property as a percentage of its market value.

Median Sale Price ^

Property market insights for houses in South Melbourne, VIC. Adjust the bedroom count for further insights.

House Price Guide

Median sale price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$1,685,000
Median price

Up 10.86%

125
Houses sold

3.20%

Estimated rental yield as at March 2026

Median sale price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$1,230,000
Median price

Down -5.38%

43
Houses sold

3.36%

Estimated rental yield as at March 2026

Median sale price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$1,910,000
Median price

Up 11.05%

57
Houses sold

3.16%

Estimated rental yield as at March 2026

Median sale price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$2,720,000
Median price

Up 12.86%

15
Houses sold

2.87%

Estimated rental yield as at March 2026

Median sale price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$0
Median price

6
Houses sold

2.79%

Estimated rental yield as at March 2026

Median rental price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$850
Median price

Up 6.25%

186
Houses leased

Median rental price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$775
Median price

Up 6.90%

91
Houses leased

Median rental price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$1,100
Median price

Up 10.55%

68
Houses leased

Median rental price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$1,360
Median price

Up 0.74%

13
Houses leased

Median rental price snapshot for houses in South Melbourne

April 2025 - March 2026

Insights over the past 12 months

$0
Median price

1
Houses leased

Median Price Insight in South Melbourne ^

Price and market insights over the last 12 months for houses and units in the South Melbourne area.

Median Price Guide

Houses

$0

Median sale price

0

Median days on market

$0

Median rental price

0

Median days listed

Units

$0

Median sale price

0

Median days on market

$0

Median rental price

21

Median days listed

Houses

$0

Median sale price

24

Median days on market

$535 per week

Median rental price

18

Median days listed

Units

$448,500

Median sale price

25

Median days on market

$550 per week

Median rental price

19

Median days listed

Houses

$1,230,000

Median sale price

30

Median days on market

$775 per week

Median rental price

18

Median days listed

Units

$635,000

Median sale price

36

Median days on market

$720 per week

Median rental price

27

Median days listed

Houses

$1,910,000

Median sale price

25

Median days on market

$1100 per week

Median rental price

21

Median days listed

Units

$1,300,000

Median sale price

52

Median days on market

$995 per week

Median rental price

30

Median days listed

Houses

$2,720,000

Median sale price

25

Median days on market

$1360 per week

Median rental price

16

Median days listed

Units

$0

Median sale price

0

Median days on market

$0

Median rental price

0

Median days listed

Houses

$0

Median sale price

0

Median days on market

$0

Median rental price

0

Median days listed

Units

$0

Median sale price

21

Median days on market

$0

Median rental price

82

Median days listed

Houses

$0

Median sale price

23

Median days on market

$0

Median rental price

32

Median days listed

Units

$0

Median sale price

0

Median days on market

$0

Median rental price

0

Median days listed

Houses

$1,685,000

Median sale price

25

Median days on market

$850 per week

Median rental price

19

Median days listed

Units

$599,000

Median sale price

35

Median days on market

$650 per week

Median rental price

23

Median days listed

Potential Buyers ^

Potential Buyers

We have insights into the property-purchasing intentions of Australia's largest property-seeking audience: realestate.com.au

These insights actually have a meaningful predictive power: they're not just random clicks on a webpage.

Potential buyers: People who are seriously interested in buy listings on realestate.com.au with the same number of bedrooms, property type and suburb.

Legal Disclaimers ^

PropTrack

The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

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