Best Real Estate Agents South Melbourne Victoria 3205 | Image Property

South Melbourne

VIC 3205


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.

Market Statistics Summary* ^

Last 12 months (last updated: November 2025)

$1.6M

Median Sale Price

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

2.29%

Annual Change in Median Price

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

127

Properties Sold

The number of properties sold in the last year.

27

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.

2.66%

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

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

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

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

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.