Last month South Melbourne had 103 properties available for rent and 128 properties for sale. Median property prices over the last year range from $1,251,014 for houses to $436,750 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 2.19% and units rent for $650 with a rental yield of 4.88%. South Melbourne has seen an annual compound growth rate of 2.29% for houses and -1.65% for units.
Last 12 months (last updated: November 2025)
Median Sale Price
The median sale price is the middle value of all sale prices in a given period.
Annual Change in Median Price
Change in sale price of properties sold in the last 12 months compared to 12 months prior.
Properties Sold
The number of properties sold in the last year.
Median Days on Market
The middle value of all days on market for properties sold in a given period.
Median Rent
The middle value of all rental prices in a given period.
Median Rental Yield
Estimated annual rent earned on a property as a percentage of its market value.
Property market insights for houses in South Melbourne, VIC. Adjust the bedroom count for further insights.
Median sale price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$1,565,000
Median price
Up 2.29%
127
Houses
sold
2.66%
Estimated rental yield as at November 2025
Median sale price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$1,251,014
Median price
Down -4.50%
51
Houses
sold
2.79%
Estimated rental yield as at November 2025
Median sale price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$1,795,000
Median price
Up 4.36%
49
Houses
sold
2.74%
Estimated rental yield as at November 2025
Median sale price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$3,099,500
Median price
15
Houses
sold
2.57%
Estimated rental yield as at November 2025
Median sale price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$0
Median price
5
Houses
sold
2.43%
Estimated rental yield as at November 2025
Median rental price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$850
Median price
Up 6.25%
209
Houses
leased
Median rental price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$750
Median price
95
Houses
leased
Median rental price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$1,000
Median price
81
Houses
leased
Median rental price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$1,150
Median price
16
Houses
leased
Median rental price snapshot for houses in South Melbourne
December 2024 - November 2025
Insights over the past 12 months
$0
Median price
1
Houses
leased
Price and market insights over the last 12 months for houses and units in the South Melbourne area.
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
13
Median days listed
Houses
$0
Median sale price
26
Median days on market
$510 per week
Median rental price
14
Median days listed
Units
$436,750
Median sale price
29
Median days on market
$550 per week
Median rental price
20
Median days listed
Houses
$1,251,014
Median sale price
27
Median days on market
$750 per week
Median rental price
22
Median days listed
Units
$675,000
Median sale price
39
Median days on market
$700 per week
Median rental price
26
Median days listed
Houses
$1,795,000
Median sale price
25
Median days on market
$1000 per week
Median rental price
24
Median days listed
Units
$1,367,500
Median sale price
27
Median days on market
$980 per week
Median rental price
35
Median days listed
Houses
$3,099,500
Median sale price
27
Median days on market
$1150 per week
Median rental price
17
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
34
Median days on market
$0
Median rental price
82
Median days listed
Houses
$0
Median sale price
27
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
$1,565,000
Median sale price
27
Median days on market
$850 per week
Median rental price
22
Median days listed
Units
$595,000
Median sale price
38
Median days on market
$650 per week
Median rental price
23
Median days listed
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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.