Thinking about buying in East Melbourne? Now could not be a better time, with 8751 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,244,000 with prices in this suburb ranging from $111,000 to $18,539,000. East Melbourne is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $450.64 |
| Median Monthly Mortgage | $2504.43 |
| Median Persons Per Bedroom | 0.94 |
| Average Household Size | 2.00 |
| Average Age | 42.64 |
| Average Income | $1360.21 |
| Average Cars Per Dwelling | 1.15 |
| Average Properties Within 50M | 227 |
Housing Stock
Average Property Prices
| 1 Bed $1,006,000 |
| 2 Bed $2,106,000 |
| 3 Bed $4,115,000 |
| 4 Bed $5,414,000 |
| 5 Bed $8,256,000 |
| 6 Bed+$4,870,000 |
East Melbourne Real Estate Market Outlook
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in East Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in East Melbourne provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in East Melbourne to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in East Melbourne we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make East Melbourne a better buying opportunity than it may have been in the past.
Properties for sale East Melbourne
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Local Schools
Collingwood English Language School
Ozford College
The David Scott School
Richmond West Primary School
Academy of Mary Immaculate
Melbourne Indigenous Transition School
Carlton Gardens Primary School
Abbotsford Primary School
Sacred Heart School
Collingwood College
(While the above schools are located with the suburb of East Melbourne there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
East Melbourne weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
| Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
| Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
| Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
| May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
| Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
| Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
| Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
| Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
| Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
| Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
| Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Stop 10: Jolimont Road - Less than 1 KM
Stop 10: Jolimont Road - Less than 1 KM
Stop 9: Lansdowne Street - Less than 1 KM
Stop 9: Lansdowne Street - Less than 1 KM
Stop 11: Jolimont Station - Less than 1 KM
Stop 11: Jolimont Station - Less than 1 KM
Stop 15: Smith Street - Less than 1 KM
Stop 15: Smith Street - Less than 1 KM
Stop 13: Simpson Street - Less than 1 KM
Stop 13: Simpson Street - Less than 1 KM
General Points of Interest
Hall's Taekwondo Centre - Less than 10 KM
Green Acres Golf Club - Less than 10 KM
Trinity College - Less than 5 KM
Como Centre - Less than 5 KM
Admiral Creswell Memorial - Less than 10 KM
Melbourne Cricket Ground - Less than 1 KM
Olympia Gymnasium - Less than 5 KM
Centenary Bridge Pillar - Less than 10 KM
West Brunswick Tennis Club - Less than 10 KM
Flemington Grandstand - Less than 10 KM
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