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.

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

	UNIT 201, 58 STEAD ST, SOUTH MELBOURNE, VIC, 3205	2	1	1	OFFERS: $500K - $550K
	368 ALBERT RD, SOUTH MELBOURNE, VIC, 3205	5	3	2	FOR SALE - CONTACT AGENT
	UNIT 907, 52 PARK ST, SOUTH MELBOURNE, VIC, 3205	1	1		For Sale $345,000 - $365,000
	LEVEL 2, UNIT 208, 51 THISTLETHWAITE ST, SOUTH MELBOURNE, VIC, 3205	2	2	1	$595,000 - $640,000
	UNIT 804, 69-71 STEAD ST, SOUTH MELBOURNE, VIC, 3205	1	1	1	$395,000
	UNIT 5, 21 PARK ST, SOUTH MELBOURNE, VIC, 3205	2	1	1	$500,000 - $550,000
	UNIT 2705, 89 GLADSTONE ST, SOUTH MELBOURNE, VIC, 3205	2	2	1	500000
	UNIT 101, 109 YORK ST, SOUTH MELBOURNE, VIC, 3205	2	1	1	600000
	316 FERRARS ST, SOUTH MELBOURNE, VIC, 3205	2	2	0	900000
	1 NAPIER PL, SOUTH MELBOURNE, VIC, 3205	2	1	0	1100000
	UNIT 7, 88 PARK ST, SOUTH MELBOURNE, VIC, 3205	2	1	1	650000
	UNIT 404, HALLMARK, 2-14 ALBERT RD, SOUTH MELBOURNE, VIC, 3205	1	1	1	550000
	UNIT 110, 74-76 EASTERN RD, SOUTH MELBOURNE, VIC, 3205	1	1		$445,000
	UNIT 308, 85 MARKET ST, SOUTH MELBOURNE, VIC, 3205	1	1		$350,000 - $375,000

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General Points of Interest

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