micromarkets

South Melbourne, VIC 3205

Property data updated July 202611,548 residents

Last 12 months snapshot

414 sales · 967 leases · Refreshed July 2026

South Melbourne property market

Most of South Melbourne's recent activity is unit rentals, with 780 leases (up 3.6%) at $655 a week (up 4%) as of July 2026, renting out in about 22 days (down from 24 days last year), more sought-after than most unit rental markets in Victoria, with 2-bedroom making up about half.

Unit sales make up a much smaller share, with 270 sales (down 2.9%) at around $595k (down 0.8%), taking about 33 days to sell (up from 28 days last year), just over half of homes are 2-bedroom. Rounding it out, 187 house rentals at $855 a week (more sought-after than most house rental markets in Victoria). 144 house sales at around $1.53M (more sought-after than most house markets in Victoria).

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

South Melbourne demographics & population

Population

11,548

Median age

39yrs

Avg household

1.9people

Male · Female

49% · 51%

Owner-occupied

Renting

Lone person

Couples, no kids

Born overseas

Year 12+ⓘ

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

The full South Melbourne report

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Census · ABS 2021

Who lives in South Melbourne?

The age structure, household make-up, and cultural fabric of the people who call this suburb home.

Age & sex5,793 residentsMaleFemale

Share of all residents by 5-year band · hover a band for the count + split

Life stage

50%

Children0–1450%Youth15–2450%Young adults25–3450%Midlife35–5450%Mature55–6450%Seniors65+50%

Household composition

50%

Lone person50%Couples, no kids50%Families with kids50%Other families50%Group / share50%

1.7 people / household0.7 persons / bedroom50% are 5+ person

Household sizepersons per dwelling

50%1

50%2

50%3

50%4

50%5

50%6+

Cultural make-upshare of residents · diversity = odds two differ

Born overseas50%

Other language at home50%

Limited English50%

Both parents overseas50%

Australian citizens50%

Birthplace diversity51%

Chance two random residents were born in different countries

Language diversity39%

Chance two random residents speak different languages at home

Religious diversity42%

Chance two random residents follow different religions

Where residents were borntop birthplaces

Afghanistan50%

Australia50%

Bangladesh50%

Bosnia & Herzegovina50%

Brazil50%

Cambodia50%

Canada50%

Chile50%

Languages at hometop languages

English only50%

Afrikaans50%

Arabic50%

Australian Indigenous50%

Cantonese50%

Mandarin50%

Other Chinese50%

Croatian50%

Ancestry% reporting · multi-response

Australian50%

Aboriginal/Torres Strait Islander50%

Chinese50%

Croatian50%

Dutch50%

English50%

Faith & belieftap Christianity

No religion50%

Christianity50%

Islam50%

Buddhism50%

Hinduism50%

Judaism50%

Other religions50%

Family originsparents’ birthplace

50%

Both parents overseas50%One parent overseas50%Both parents in Australia50%

A strongly multicultural community with deep migrant heritage.

When migrants arrivedshare of overseas-born

Before 198150%

1981-200050%

2001-201050%

2011-201550%

2016-202150%

2020–21 understated — COVID border closures.

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

Census · ABS 2021

Housing & affordability in South Melbourne

What it costs to live here, who owns versus rents, and the shape of the housing stock.

Affordability at a glance

LowMedianHighPercentile

Median weekly rentBottom 45%

Median monthly mortgageTop 42%

Rent stress (rent ÷ income)Top 50%

Mortgage stress (repay ÷ income)Top 50%

High mortgage (≥$3k/mo)Top 50%

Social housingTop 50%

Unoccupied on census nightTop 50%

Large dwellings (4+ bed)Top 50%

This suburb Typical range (middle 50%) Median suburb

Bedrooms per dwellingshare of dwellings

50%0

50%1

50%2

50%3

50%4

50%5

50%6+

Who owns vs rentsoccupied dwellings

50%

Owned outright50%Mortgage50%Renting50%Other50%

What’s built heredwelling types

50%

House50%Townhouse50%Apartment50%Other50%

50% separate houses50% apartments50% high-rise

Census · ABS 2021

Income & employment in South Melbourne

Incomes, employment, and the occupation mix of the people who live here.

Income & work at a glance

LowMedianHighPercentile

Median personal incomeTop 46%

Median family incomeTop 34%

Managers & professionalsTop 50%

High earners (≥$2k/wk)Top 50%

This suburb Typical range (middle 50%) Median suburb

Occupations

LowMedianHighPercentile

Managers & professionalsTop 50%

Clerical & adminTop 50%

Community & personal serviceTop 50%

Sales workersTop 50%

Technicians, trades & labourersTop 50%

Household incomeheight = share of households · weekly

Personal incomeheight = share of residents 15+ · weekly

Household and personal income sit close together — lots of single-earner or lone-person homes.

Labour forceemployment status · residents 15+

50%

Employed full-time50%Employed part-time50%Employed (away/other)50%Unemployed50%Not in labour force50%

LowMedianHighPercentile

Full-time workersTop 50%

Part-time workersTop 50%

Unemployment rateTop 50%

Not in labour forceTop 50%

Labour-force participationTop 50%

This suburb Typical range (middle 50%) Median suburb

Census · ABS 2021

Getting around South Melbourne

How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.

Transport at a glance

LowMedianHighPercentile

Public transport to workTop 50%

Walked or cycled to workTop 50%

Worked from homeTop 50%

No motor vehicleTop 50%

Vehicles per dwellingBottom 11%

This suburb Typical range (middle 50%) Median suburb

Journey to workamong commuters · top modes

Car (driver)50%

Car (passenger)50%

Train50%

Bus50%

Tram/light rail50%

Ferry50%

Walked50%

Vehicles per dwellingshare of households

50%0

50%1

50%2

50%3

50%4+

Education · ACARA My School 2025

Schools in and around South Melbourne

4 schools inside South Melbourne, plus the closest options around it. Families can choose from 104 primary schools in South Melbourne and its surrounds, and 57 high schools covering the secondary years. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.

Within South Melbourne4schools in the suburb itself

Primary schools104within 5 km · nearest in suburb

Secondary schools57within 5 km · nearest in suburb

Median ICSEA rank50thenrolment-weighted

What is ICSEA Rank?

ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.

Nearby within150 schools

Within South Melbourne · 4Order by
1
South Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburb
State RankTop 1%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
2
Galilee Regional Catholic Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Within suburb
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
3
Youth2Industry CollegeIndependent · Secondary · Co-ed · Years 11-12 · Within suburb
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
4
Montague SchoolGovernment · Special · Co-ed · Years U · Within suburb
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
Nearby · within 5 km · 146
5
MacRobertson Girls High SchoolGovernment · Secondary · Co-ed · Years 9-12 · Melbourne · 3.2 km
State RankTop 1%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
6
Melbourne High SchoolGovernment · Secondary · Co-ed · Years 9-12 · South Yarra · 3.2 km
State RankTop 1%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
7
Victorian College Of The Arts Secondary SchoolGovernment · Secondary · Co-ed · Years 7-12 · Southbank · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
8
Melbourne Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · Melbourne · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
9
Albert Park CollegeGovernment · Secondary · Co-ed · Years 7-12 · Albert Park · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
10
Wesley CollegeIndependent · Combined · Co-ed · Years Prep-12 · Melbourne · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
11
Melbourne Girls GrammarIndependent · Combined · Co-ed · Years Prep-12 · South Yarra · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
12
St Michael's Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · St Kilda · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
13
University High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Parkville · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
14
Yesodei HaTorah CollegeIndependent · Combined · Co-ed · Years Prep-12 · Elwood · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
15
St Aloysius CollegeCatholic · Secondary · Co-ed · Years 7-12 · North Melbourne · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
16
Melbourne Girls CollegeGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
17
Loreto Mandeville HallCatholic · Combined · Co-ed · Years Prep-12 · Toorak · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
18
St Catherine's SchoolIndependent · Combined · Co-ed · Years Prep-12 · Toorak · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
19
Princes Hill Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Princes Hill · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
20
St Kevin's CollegeCatholic · Combined · Co-ed · Years Prep-12 · Toorak · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
21
Lauriston Girls' SchoolIndependent · Combined · Co-ed · Years Prep-12 · Armadale · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
22
Caulfield Grammar SchoolIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
23
Scotch CollegeIndependent · Combined · Co-ed · Years Prep-12 · Hawthorn · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
24
Xavier CollegeCatholic · Combined · Co-ed · Years Prep-12 · Kew · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
25
Williamstown High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Williamstown · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
26
Methodist Ladies' CollegeIndependent · Combined · Years Prep-12 · Kew · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
27
Northcote High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Northcote · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
28
Trinity Grammar School KewIndependent · Combined · Co-ed · Years Prep-12 · Kew · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
29
Bialik CollegeIndependent · Combined · Co-ed · Years Prep-12 · Hawthorn · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
30
Ruyton Girls' SchoolIndependent · Combined · Years Prep-12 · Kew · 3.2 km
State RankP Top 50%S Top 50%EnglishP S MathsP S Students361Multilingual50%ICSEA Rank50th
31
Auburn High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Hawthorn East · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
32
Albert Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Albert Park · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
33
Christ Church Grammar SchoolIndependent · Primary · Co-ed · Years Prep-6 · South Yarra · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
34
South Yarra Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · South Yarra · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
35
North Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · North Melbourne · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
36
Cheder Levi Yitzchok IncIndependent · Combined · Co-ed · Years Prep-10 · St Kilda · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
37
Abbotsford Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Abbotsford · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
38
Yarra Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
39
Carlton North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton North · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
40
The King David SchoolIndependent · Combined · Co-ed · Years Prep-12 · Armadale · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
41
Clifton Hill Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Clifton Hill · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
42
Fitzroy Community SchoolIndependent · Primary · Co-ed · Years Prep-6 · Fitzroy North · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
43
Footscray City Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Footscray · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
44
St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Williamstown · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
45
Brunswick South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick East · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
46
Erasmus Primary SchoolIndependent · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
47
Williamstown Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Williamstown · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
48
Sholem Aleichem CollegeIndependent · Primary · Co-ed · Years Prep-6 · Elsternwick · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
49
Spensley Street Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Clifton Hill · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
50
Williamstown North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Williamstown · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
51
Our Lady Help of Christians SchoolCatholic · Primary · Co-ed · Years Prep-6 · Brunswick East · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
52
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Elsternwick · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
53
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Malvern · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
54
Merri Creek Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy North · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
55
Caulfield Junior CollegeGovernment · Primary · Co-ed · Years Prep-6 · Caulfield North · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
56
Malvern Central SchoolGovernment · Primary · Co-ed · Years Prep-6 · Malvern · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
57
Spotswood Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Spotswood · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
58
Yarraville West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Yarraville · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
59
Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Newport · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
60
Newport Lakes Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Newport · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
61
Ascot Vale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ascot Vale · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
62
Westgarth Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Northcote · 3.2 km
State RankTop 50%EnglishMathsStudents361Multilingual50%ICSEA Rank50th
63
South Melbourne Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Albert Park · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
64
Middle Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Middle Park · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
65
Port Phillip Specialist SchoolGovernment · Special · Co-ed · Years U · Port Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
66
Port Melbourne Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Port Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
67
Port Melbourne Secondary CollegeGovernment · Secondary · Co-ed · Years 7-10 · Port Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
68
Victorian College For The DeafGovernment · Special · Co-ed · Years U · Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
69
Ozford CollegeIndependent · Secondary · Co-ed · Years 10-12 · Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
70
Docklands Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Docklands · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
71
Hester Hornbrook AcademyIndependent · Special · Co-ed · Years 10-12 · Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
72
St Kilda Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
73
Centre for Higher Education StudiesGovernment · Secondary · Co-ed · Years 10-12 · South Yarra · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
74
Simonds Catholic CollegeCatholic · Secondary · Co-ed · Years 7-12 · West Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
75
River Nile SchoolIndependent · Special · Co-ed · Years 11-12 · North Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
76
Prahran High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Windsor · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
77
KamarukaIndependent · Special · Co-ed · Years 2-10 · South Yarra · 3.2 km
State Rank—English—Maths—Students361Multilingual1%ICSEA Rank50th
78
Saints CollegeCatholic · Special · Co-ed · Years 7-12 · North Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
79
Melbourne Indigenous Transition SchoolIndependent · Special · Co-ed · Years 7-8 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
80
Richmond Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
81
Academy of Mary ImmaculateCatholic · Secondary · Co-ed · Years 7-12 · Fitzroy · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
82
Collingwood English Language SchoolGovernment · Special · Co-ed · Years Prep-12 · Collingwood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
83
Carlton Gardens Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
84
Richmond West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
85
Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Fitzroy · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
86
Windsor Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Windsor · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
87
Bindjiroo Yaluk Community SchoolGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
88
Richmond High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
89
Fitzroy Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
90
Carlton Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
91
St Mary's College MelbourneCatholic · Secondary · Co-ed · Years 7-12 · St Kilda East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
92
Collingwood CollegeGovernment · Combined · Co-ed · Years Prep-12 · Collingwood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
93
St Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · St Kilda East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
94
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Collingwood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
95
Toorak Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Toorak · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
96
St Kilda Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
97
Trinity Catholic SchoolCatholic · Primary · Co-ed · Years Prep-6 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
98
St Michael's Primary SchoolCatholic · Primary · Co-ed · Years Prep-6 · North Melbourne · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
99
Our Lady of Lourdes SchoolCatholic · Primary · Co-ed · Years Prep-6 · Prahran · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
100
Holy Rosary SchoolCatholic · Primary · Co-ed · Years Prep-6 · Kensington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
101
Yeshivah CollegeIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
102
Sophia Mundi Steiner SchoolIndependent · Combined · Co-ed · Years Prep-12 · Abbotsford · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
103
Hawthorn West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
104
Beth Rivkah Ladies CollegeIndependent · Combined · Co-ed · Years Prep-12 · St Kilda East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
105
Kensington Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Kensington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
106
Armadale Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Armadale · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
107
St Columba's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Elwood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
108
Elwood CollegeGovernment · Secondary · Co-ed · Years 7-12 · Elwood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
109
Elwood Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Elwood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
110
Debney Meadows Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Flemington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
111
Fitzroy North Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Fitzroy North · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
112
Newmark PrimaryIndependent · Primary · Co-ed · Years Prep-6 · Williamstown · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
113
Princes Hill Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Carlton North · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
114
Fitzroy High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Fitzroy North · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
115
Rossbourne SchoolIndependent · Special · Co-ed · Years 7-12 · Hawthorn · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
116
St Monica's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Footscray · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
117
Kensington Community High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Kensington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
118
Ripponlea Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · St Kilda East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
119
St Brendan's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Flemington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
120
Mount Alexander 7-12 CollegeGovernment · Secondary · Co-ed · Years 7-12 · Flemington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
121
Flemington Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Flemington · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
122
Deutsche Schule MelbourneIndependent · Primary · Co-ed · Years Prep-6 · Fitzroy North · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
123
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
124
Glenferrie Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
125
St Augustine's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Yarraville · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
126
De La Salle CollegeCatholic · Combined · Co-ed · Years 6-12 · Malvern · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
127
Ascot Vale Heights SchoolGovernment · Special · Co-ed · Years U · Ascot Vale · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
128
Sydney Road Community SchoolGovernment · Secondary · Co-ed · Years 7-12 · Brunswick · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
129
Adass Israel SchoolIndependent · Combined · Co-ed · Years Prep-12 · Elsternwick · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
130
Yarraville Special Developmental SchoolGovernment · Special · Co-ed · Years U · Yarraville · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
131
Brunswick Secondary CollegeGovernment · Secondary · Co-ed · Years 7-12 · Brunswick · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
132
Elsternwick Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brighton · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
133
Footscray Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Footscray · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
134
Bayside P-12 CollegeGovernment · Combined · Co-ed · Years Prep-12 · Williamstown · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
135
Kew Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Kew · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
136
Swinburne Senior Secondary CollegeGovernment · Secondary · Co-ed · Years 11-12 · Hawthorn · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
137
Brunswick South West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Brunswick West · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
138
Giant Steps MelbourneIndependent · Primary · Co-ed · Years U · Kew · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
139
St Margaret Mary's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Spotswood · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
140
Sacred Heart SchoolCatholic · Primary · Co-ed · Years Prep-6 · Kew · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
141
St Joseph's SchoolCatholic · Primary · Co-ed · Years Prep-6 · Northcote · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
142
Andale SchoolIndependent · Special · Co-ed · Years U · Kew · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
143
Ascot Vale West Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Ascot Vale · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
144
Auburn South Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Hawthorn East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
145
Alia CollegeIndependent · Secondary · Co-ed · Years 7-12 · Hawthorn East · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
146
Footscray High SchoolGovernment · Secondary · Co-ed · Years 7-12 · Footscray · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank50th
147
Ignatius Learning CentreCatholic · Secondary · Co-ed · Years 11-12 · Richmond · 3.2 km
State Rank—English—Maths—Students361Multilingual50%ICSEA Rank—
148
Victorian School Of LanguagesGovernment · Combined · Collingwood · 3.2 km
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—
149
Travancore SchoolGovernment · Special · Travancore · 3.2 km
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—
150
Parkville CollegeGovernment · Special · Parkville · 3.2 km
State Rank—English—Maths—Students—Multilingual—ICSEA Rank—

Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.

School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.

Census · ABS 2021

Turnover

How settled or transient the community is — and where newcomers came from.

Settledness at a glance

LowMedianHighPercentile

Settled 5+ yearsTop 50%

Moved in past yearTop 50%

Arrived from overseas (5 yr)Top 50%

This suburb Typical range (middle 50%) Median suburb

Where residents lived 5 years agoof those who stated

50%

Same address50%Moved within area50%From elsewhere in Australia50%From overseas50%

Residential paceshare of residents

Moved in the past year50%

Moved in the past 5 years50%

Arrived from overseas (5 yr)50%

Property market

Market snapshot

South Melbourne median house price & rent

Headline price, rent, yield and time on market for South Melbourne — choose a property type and size below.

Active segment

Houses

Units

Median priceⓘLast 12 months

1.04M

↑ +0.5% YoY

Days on marketⓘLast 12 months

↑ 5 days YoY

SoldⓘLast 12 months

↑ +0.5% YoY

Months of supplyⓘLast 12 months

1.1mo

Median rentⓘLast 12 months

$625/w

↑ +50.0% YoY

Days to leaseⓘLast 12 months

↑ 1 day YoY

LeasedⓘLast 12 months

155

↑ +50.0% YoY

Gross yieldⓘLast 12 months

3.47%

Annualised

Data confidenceSales sample56StrongLease sample168Strong

Segment breakdown

House & unit prices by bedroom

Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.

Demand percentile 0–100 · last 12 months12-mo change

Segment

Sold

Price

DOM

Leased

Rent

DOM

Yield

SalesRent

Houses · 2 bed56 sales · 168 leases

59+50.0%

$1.04M+0.5%

22 days−5d

155+0.5%

$625/wk+50.0%

12 days−1d

3.47%

50/100

Houses · 3 bed56 sales · 168 leases

59+50.0%

$1.04M+50.0%

22 days−5d

155+0.5%

$625/wk+0.5%

12 days−1d

3.47%

50/100

Houses · 4 bed56 sales · 168 leases

59+50.0%

$1.04M+0.5%

22 days−5d

155+0.5%

$625/wk+50.0%

12 days−1d

3.47%

50/100

—

Units · 1 bed56 sales · 168 leases

59+0.5%

$1.04M+0.5%

22 days−5d

155+50.0%

$625/wk+0.5%

12 days−1d

3.47%

50/100

Units · 2 bed56 sales · 168 leases

59+0.5%

$1.04M+0.5%

22 days−5d

155+0.5%

$625/wk+50.0%

12 days−1d

3.47%

50/100

Units · 3 bed56 sales · 168 leases

59+50.0%

$1.04M+50.0%

22 days−5d

155+50.0%

$625/wk+0.5%

12 days−1d

3.47%

50/100

All houses

59+50.0%

$1.04M+50.0%

22 days−5d

155+0.5%

$625/wk+50.0%

12 days−1d

3.47%

50/100

All units

59+0.5%

$1.04M+0.5%

22 days−5d

155+50.0%

$625/wk+50.0%

12 days−1d

3.47%

50/100

Where each segment ranks

South Melbourne property growth

Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.

Metric

Ranked against

Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.

Houses

4/4above median

02550 · MEDIAN75100

Percentile vs VIC

Value

Units

4/4above median

02550 · MEDIAN75100

Percentile vs VIC

Value

The buy-versus-rent equation

Buying vs renting in South Melbourne

What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.

Property

Compare to

Units · 1 bed: +1%

Units · 2 bed: +1%

Units · Total: +1%

Houses · 2 bed: +50%

Houses · 3 bed: +50%

Houses · Total: +50%

Units · 3 bed: +50%

VIC MEDIAN · +36%

Rent covers itRenting matches or beats the cost of owning−10% to 0%

BalancedMortgage roughly matches asking rent+30% to +60%

Far pricier to ownBuying costs much more than renting+100% to +130%+

BreakdownLast 12 months

Holding cost

Mortgage

Rent

Premium

Band

Units · 1 bed59 sales155 leases

−$295/wk

$920/wk

$625/wk

+1%

Rent-covered

Units · 2 bed59 sales155 leases

−$295/wk

$920/wk

$625/wk

+1%

Rent-covered

Houses · 2 bed59 sales155 leases

−$295/wk

$920/wk

$625/wk

+50%

Typical premium

Houses · 3 bed59 sales155 leases

−$295/wk

$920/wk

$625/wk

+50%

Typical premium

Units · 3 bed59 sales155 leases

−$295/wk

$920/wk

$625/wk

+50%

Typical premium

Assumes 80% LVR6.0% rate30y P&I

Premium = (weekly mortgage − weekly rent) ÷ weekly rent. Band thresholds are national breakpoints across ~11,400 eligible Australian segments — the Typical premium band spans national P25 to P75, so it’s literally what’s typical.

Market data

How strong is demand, and which way is it heading?

Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.

Side

View

Property

Bedrooms

Radius

Compared against

Sales market velocity

4 nearby suburbs · 10km · Total unit · sales

rising

DOM change YoYis demand rising or falling?

falling

median

Recoveryweak but rising

Boomstrong and rising

Troughweak and falling

Peakstrong but easing

Nearby suburb

Demand index

66 / 100vs VIC

Days on market

28 days▲ +7 days YoY

Median price

$305k▼ −2.8% YoY

Sold (last year)

734▼ −4.3% YoY

Nearby suburb

Demand index

41 / 100vs VIC

Days on market

18 days▼ −12 days YoY

Median price

$588k▲ +12.8% YoY

Sold (last year)

16▲ +17.1% YoY

Nearby suburb

Demand index

17 / 100vs VIC

Days on market

28 days▲ +9 days YoY

Median price

$451k▼ −20.2% YoY

Sold (last year)

31▲ +20.0% YoY

Nearby suburb

Demand index

89 / 100vs VIC

Days on market

35 days▲ +2 days YoY

Median price

$242k▲ +0.6% YoY

Sold (last year)

1,527▲ +3.6% YoY

South Melbourne · this suburb

Demand index

69 / 100vs VIC

Days on market

22 days▼ −5 days YoY

Median price

$1.04M▲ +0.5% YoY

Sold (last year)

59▲ +0.5% YoY

weakSales market velocityhow strong sales demand isstrong

This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures

Sales market velocity

How strong is sales demand — and is it rising or falling?

What this shows

Each dot is one of this suburb's property segments on the sales side. Left-right shows how strong sales demand is — combining how many properties sold in the last 12 months with how quickly they sold (median days on market). Top-bottom shows whether that demand is rising or falling compared to 12 months ago.

The two axes

Sales market velocityX axis

how strong sales demand is

A composite of 12-month sales volume and median days on market. Higher means more sales completed faster — stronger sales demand right now.

Days on market change (Year-on-year)Y axis

is demand rising or falling?

How much faster (or slower) sales are completing compared to 12 months ago. Top half means sales are completing faster than a year ago (demand growing).

Market data

South Melbourne against the neighbourhood

Eight diagnostic views cutting the data a different way each time — South Melbourne in blue, peers in colour.

Pair

View

Property

Bedrooms

Radius

How fast — and is it getting faster?

3 peer suburbs · 10km · Total unit

faster

DOM change YoYvs 12 months ago

slower

median

Recoveringquiet but accelerating

Boomingbusy and accelerating

Stalledquiet and slowing further

Coolingbusy but slowing

Nearby suburb

Demand index

34 / 100vs Australia

Days on market

28 days▲ +7 days YoY

Median price

$305k▼ −2.8% YoY

Sold (last year)

734▼ −4.3% YoY

Gross yield

5.94%

Nearby suburb

Demand index

13 / 100vs Australia

Days on market

28 days▲ +9 days YoY

Median price

$451k▼ −20.2% YoY

Sold (last year)

31▲ +20.0% YoY

Gross yield

3.24%

Nearby suburb

Demand index

55 / 100vs Australia

Days on market

35 days▲ +2 days YoY

Median price

$242k▲ +0.6% YoY

Sold (last year)

1,527▲ +3.6% YoY

Gross yield

4.13%

South Melbourne · this suburb

Demand index

50 / 100vs Australia

Days on market

22 days▼ −5 days YoY

Median price

$1.04M▲ +0.5% YoY

Sold (last year)

59▲ +0.5% YoY

Gross yield

3.47%

slowDays on marketmedian days to sellfast

This suburb Neighbouring suburbs · coloured by market phaseHover a point for its figures

How much is available right now?

Housing supply & months of stock

How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.

View

Hide thin-sample rows

Sales market

Band	Months of supply left	YoY	Listed	Sold	Per month
Severe shortage	1.1	▼ -1.5	5	59	4.9
Balanced	2.7	▲ +1.7	13	59	4.9
Slightly loose	3.4	▼ -2.6	17	59	4.9
Loose	4.0	▲ +3.5	20	59	4.9
Loose	5.3	▲ +3.3	26	59	4.9
Loose	5.5	▲ +2.9	27	59	4.9
Loose	5.6	▲ +4.6	28	59	4.9
Loose	6.6	▲ +3.2	32	59	4.9

median

Rental market

Band	Months of supply left	YoY	Listed	Leased	Per month
Tight	0.4	▼ -0.6	5	155	12.9
Tight	0.5	▼ -0.1	6	155	12.9
National typical	0.7	▼ -0.1	9	155	12.9
Loose	1.3	▼ -1.0	17	155	12.9
Loose	1.5	▼ -0.1	19	155	12.9
Oversupply	2.0	▼ -0.1	26	155	12.9
Oversupply	2.1	▼ -1.8	27	155	12.9
Oversupply	2.5	▲ +1.2	32	155	12.9

median

Severe

Very Tight

Tight

Balanced

Loose

Very Loose

Saturated

Under-suppliedOver-supplied

Market data

Who's transacting — buyers or tenants?

Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.

Property

South Melbourne — Units & Houses, all bedrooms

Jul 2021 – Jun 2026 · each point = a 12-month window

Sales · buyer transactions

Leases · tenant transactions

Five-year arc

South Melbourne median house price & rent history

Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.

Five-year summaryAs of Jun 2026, the median house sale price in South Melbourne rose from $863k (Jul 2021) to $1.17M (Jun 2026) — +35.9% growth over five years — peaking at $1.48M between Mar 2022 and Feb 2023. Median house rent went from $525/wk to $696/wk (+32.6%) over the same period. For units, the median sale price rose from $419k to $484k (+15.4%), with rent up from $242/wk to $350/wk (+44.6%) over the same period.

Property

Bedrooms

Median price (trailing year)

Jun 2026

$1.17M-5.8%

5y median $1.18Mvs last year $1.25M

Total sales (trailing year)

Jun 2026

111+46.1%

5y median 91vs last year 76

Days on market (trailing year)

Jun 2026

18 days-7

5y median 34 daysvs last year 25 days

Median rent (trailing year)

Jun 2026

$696/wk+64.9%

5y median $525/wkvs last year $422/wk

Total leases (trailing year)

Jun 2026

119-17.9%

5y median 163vs last year 145

Days on market (rental) (trailing year)

Jun 2026

13 days-5

5y median 14 daysvs last year 18 days

Gross yield (trailing year)

Jun 2026

1.93%-0.20 pt

5y median 1.80%vs last year 2.14%

Months of supply

Jun 2026

2.4 months+21.6%

5y median 2.1 monthsvs last year 2.0 months

Months of supply (rental)

Jun 2026

1.2 months+13.8%

5y median 1.1 monthsvs last year 1.0 months

Nearby markets

Suburbs near South Melbourne: prices compared

The nearest suburbs to South Melbourne, ranked by distance — each lined up against South Melbourne on the same measures, so the differences jump out at a glance.

Market

Property

Bedrooms

Radius

Colour by

This marketSouth MelbourneVIC 3205 · Units · Total

Price$1.04M

DOM22 days

Sold59

5 markets within 5kmLast 12 months

South WharfVIC 30060.8kmUnits · Total

Price$661k

DOM41 days

Sold1

much cheapermuch slower

SouthbankVIC 30061.0kmUnits · Total

Albert ParkVIC 32061.3kmUnits · Total

MelbourneVIC 30001.6kmUnits · Total

Middle ParkVIC 32061.7kmUnits · Total

Stat colourHow each suburb's stat compares to South Melbourne

Much lowerLowerSimilarHigherMuch higher

Similar markets

Suburbs like South Melbourne

Suburbs anywhere in VIC that behave like South Melbourne — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)

South Melbourne vs St Kilda West: the closest sales-market match trades at a median of $459k against South Melbourne's $1.04M — about 56% lower, with homes selling in 18 days versus 22 days here.

Colour by

Property

Bedrooms

Market

This marketSouth MelbourneVIC 3205Units · Total

Price$1.04M

DOM22 days

Sold59

Most similar sales markets · within 1.5–5 kmLast 12 months

St Kilda WestVIC 31822km69% match

Price$459k

DOM18 days

Sold49

DocklandsVIC 30081km52% match

Price$381k

DOM28 days

Sold428

RichmondVIC 31213km64% match

Price$452k

DOM15 days

Sold442

Brunswick EastVIC 30575km50% match

Price$378k

DOM14 days

Sold247

BrunswickVIC 30564km64% match

Price$329k

DOM19 days

Sold411

Stat colourHow each suburb's stat compares to South Melbourne

Much lowerLowerSimilarHigherMuch higher

Comparable sales markets to South Melbourne: St Kilda West (VIC 3182), Docklands property growth, Richmond median house price, Brunswick East market trends and Brunswick property growth.

South Melbourne's closest rental-market twins: St Kilda West, VIC property market, Docklands property growth, Richmond property market, Brunswick East (VIC 3057) and Brunswick property growth. Each link opens that suburb's full market report.

Market data

Frequently asked · South Melbourne

26 data-driven answers about South Melbourne's property market — every one computed from the metrics above.

What things cost

Prices, rent, yield, ownership cost

What is the median house price in South Melbourne?

The median house price in South Melbourne, VIC 3205 is $1.04M as of June 2026, based on 56 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.

What is the median unit price in South Melbourne?

The median unit price in South Melbourne, VIC 3205 is $1.04M as of June 2026, based on 56 sales over the past 12 months. Units have moved +0.5% year-on-year and currently trade at roughly 100% of the median house price.

How much does it cost to rent in South Melbourne?

The median weekly house rent in South Melbourne is $625 as of June 2026, drawn from 168 leases over the past 12 months. Units rent for around $625 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.

How much is rent for a 3 bedroom house in South Melbourne?

A 3 bedroom house in South Melbourne rents for a median $625 per week as of June 2026, drawn from 168 leases over the past 12 months. Across other house sizes: 2-bedroom $625/week, 4-bedroom $625/week. Unit rents: 1-bedroom $625/week, 2-bedroom $625/week, 3-bedroom $625/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.

What is the gross rental yield in South Melbourne?

Gross rental yield in South Melbourne is 3.47% for houses and 3.47% for units as of June 2026, compared with the VIC unit median of 4.40%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

How much is a 3 bedroom house in South Melbourne?

As of June 2026, South Melbourne medians by bedroom count:

How much is a 3 bedroom house in South Melbourne?
Property	1 bed	2 bed	3 bed	4 bed	Total
Houses	—	$1.04M	$1.04M	$1.04M	$1.04M
Units	$1.04M	$1.04M	$1.04M	—	$1.04M

Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.

What does it cost to own versus rent at the South Melbourne median?

At the median South Melbourne house ($1.04M purchase, $625/week rent), weekly mortgage repayments sit at roughly $920 — about $295 more per week than renting. That gap is the ownership premium. For the median unit ($1.04M purchase, $625/week rent), repayments run about $920 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.

How the market is moving

Speed, supply, growth, cycle phase

What are South Melbourne's property market trends?

South Melbourne's property market trends to June 2026: house prices rose +50.0% year-on-year and units +0.5%; weekly house rents moved +50.0%; homes now sell in a median 22 days — faster than a year ago by 5; sales supply sits at 5.3 months (very loose). Read together — price, rent, selling speed and supply — they show which way the South Melbourne market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.

What does the data say about South Melbourne as an investment?

As of June 2026 in South Melbourne, house prices rose +50.0% over the year, gross rental yield is 3.47% against a VIC median of 2.11%, houses take a median 22 days to sell, sales supply is 5.3 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.

How quickly do houses sell in South Melbourne?

Houses in South Melbourne sell in a median 22 days on market as of June 2026, with units clearing slightly similarly at 22 days. Days on market have tightened by 5 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.

Is South Melbourne a tight or loose property market right now?

South Melbourne's sales market sits at 5.3 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.4 months of supply.

Have property prices in South Melbourne gone up or down?

House prices in South Melbourne moved +50.0% over the 12 months to June 2026, while units moved +0.5%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.

How active is the rental market in South Melbourne?

South Melbourne's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 155 houses leased over the past 12 months. Units sit at 2.0 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.

Where is South Melbourne in its property market cycle?

South Melbourne's house market is currently in the 'in_demand_growing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.

How it compares

Vs state, vs nearby, vs popular

How does South Melbourne compare to other VIC suburbs?

South Melbourne's median house price ($1.04M) is 63% above the VIC median ($641k) as of June 2026. On selling speed, houses clear in 22 days vs 20 days state median. On gross yield, South Melbourne sits at 3.47% vs 2.11% state median.

How does South Melbourne compare to neighbouring suburbs?

South Melbourne's most-similar nearby market is Clifton Hill (4.8 km away) with a median house price of $1.3M — about 25% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.

What's the most popular property type in South Melbourne?

The most-transacted segment in South Melbourne over the 12 months to June 2026 is 2 bed houses with 59 sales. 3 bed houses come second at 59 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

How many properties were sold and leased in South Melbourne last year?

South Melbourne recorded 59 house sales and 59 unit sales over the 12 months to June 2026 — a combined 118 transactions. On the rental side, 155 houses and 155 units were leased. Segments with statistically thin samples are excluded from displayed figures.

About the area

Population, income, who lives here, schools

What postcode is South Melbourne in?

South Melbourne is in postcode 3205, in the Inner Melbourne region of VIC. Addresses there are written as South Melbourne, VIC 3205.

What is the population of South Melbourne?

South Melbourne, VIC 3205 is home to 5,793 residents (ABS Census 2021). The median resident age is 23, and the average household holds 1.7 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.

What is the median household income in South Melbourne?

The median household in South Melbourne earns $1k per week — roughly $63k a year (ABS Census 2021). Median personal income runs $1k/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

What is the unemployment rate in South Melbourne?

The unemployment rate in South Melbourne is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.

Do people own or rent in South Melbourne?

South Melbourne is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.

What schools are near South Melbourne?

South Melbourne has 150 schools within reach, 4 of them inside the suburb itself — including Galilee Regional Catholic Primary School, Youth2Industry College, South Melbourne Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

Is South Melbourne a good place to live?

South Melbourne, VIC 3205 has a population of 5,793, a median age of 23, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.

About this data

Methodology and update cadence

When was this South Melbourne market data last updated?

This South Melbourne market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.