AREA REPORTS

South Melbourne

 

 

VIC/
South melbourne

Suburb Profile

South Melbourne - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3205

house
unit

Property investments in SOUTH MELBOURNE fare well against the rest of the country last year, registering a median home price increase of -12.04%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SOUTH MELBOURNE, 3205 saw average growth in the long term.

Real estate investors could earn a rental income of $660 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 55.3 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,242,000.

SOUTH MELBOURNE ranks 469th on the list of best yielding suburbs for rental properties in VIC, posting a 2.76% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,242,000 $613,500
GROWTH REPORT
Median Quarterly -2.2% -1.84%
Median 12 month -12.04% 4.16%
Median 3 years 5.7% 6.7%
Median 5 years 19.42% 16.86%
10 years average annual 5.02% 2.55%
Weekly media advert. rent $660 $520
Time on Market 55.3 days 73.6 days
Gross Rental Yield Percent 2.76% 4.41%
demographics (median values)
Total Population
8787
Weekly Household Income
1164
Household Size
2.00
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

ATO

Thousands of property investors set for tax audit

The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...

Buildings

‘Historic development’ stands out in ABS property data

An examination of ABS data has found a rising trend of taller apartment buildings, providing an insight into what Australia’s future unit ...

Yanchep

Big infrastructure spend prompts ‘power house’ predictions for WA suburb

New transport infrastructure spending is set to benefit one coastal suburb in Western Australia, which has been labelled one of the best sub...

Perth

Recovering capital city presents opportunity for investors

Going into a market that is yet to fully recover could pose a risk, but there are strong opportunities in one recovering capital city, accor...

bill Shorten

How property investors can prepare for changes to negative gearing

Experts believe that Labor’s proposal to change tax policies can cause significant impact to the property market. How can investors prepar...

Melbourne

Victoria tops the list for population growth in new data

The results of a new report show that Melbourne suburbs were quite prominent in the country’s top hotspots for building approvals and popu...