South Melbourne
VIC, 3205
-
Port Phillip
Thinking about buying in South Melbourne? Now could not be a better time, with 14461 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,446,000 with prices in this suburb ranging from $278,000 to $13,818,000. South Melbourne is located fairly close to the coast at just 0Km 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 | $477.17 |
| Median Monthly Mortgage | $2748.02 |
| Median Persons Per Bedroom | 0.94 |
| Average Household Size | 2.05 |
| Average Age | 40.32 |
| Average Income | $1322.22 |
| Average Cars Per Dwelling | 1.08 |
| Average Properties Within 50M | 190 |
Housing Stock
Average Property Prices
| 1 Bed $836,000 |
| 2 Bed $1,284,000 |
| 3 Bed $2,682,000 |
| 4 Bed $3,892,000 |
| 5 Bed $4,829,000 |
| 6 Bed+$6,100,000 |
South Melbourne Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in South Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South 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. The high percentage of professional people in South Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in South Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
Properties for sale South Melbourne
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Local Schools
Montague Continuing Education Centre
Galilee Regional Catholic Primary School
Hester Hornbrook Academy
South Melbourne Primary School
MacRobertson Girls High School
Victorian College Of The Arts Secondary School
Albert Park Primary School
Albert Park College
Melbourne Grammar School
Port Phillip Specialist School
(While the above schools are located with the suburb of South Melbourne there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
South 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 24: Clarendon Street - Less than 1 KM
Stop 129: Park Street - Less than 1 KM
Stop 128: Dorcas Street - Less than 1 KM
Stop 128: Dorcas Street - Less than 1 KM
Stop 26: Ferrars Street - Less than 1 KM
Stop 26: Ferrars Street - Less than 1 KM
Stop 25: Cecil Street - Less than 1 KM
Stop 25: Cecil Street - Less than 1 KM
Stop 127: South Melbourne - Less than 1 KM
Stop 127: South Melbourne - 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 5 KM
Melbourne Cricket Ground - Less than 5 KM
Olympia Gymnasium - Less than 1 KM
Centenary Bridge Pillar - Less than 5 KM
Altona Badminton Centre - Less than 10 KM
Flemington Grandstand - Less than 10 KM
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