SOUTH MELBOURNE DC
Investor score
57
Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.
Median price
$1,485,000
VIC Gov · 2025
Rent yield
1.5%
computed from govt data
Annual growth
-4.5%
annualised from govt data
Vacancy rate
1.5%
modelled estimate
AI insights for SOUTH MELBOURNE DC
Investment analysis, risks & comparisons
SOUTH MELBOURNE DC shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.
Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.
Median rent
$421/wk
DFFH Moving Annual Rent · Sep 2025
Demand change
+3.6%
annual shift
Yield × growth index
-1.5
combined signal
Net yield (est.)
1.03%
after mgmt, rates, insurance, maintenance
5-yr growth (CAGR)
-1.2%
est. compound, long-run avg
10-yr growth (CAGR)
+7.8%
est. compound, long-run avg
Rental demand
65 / 100
Strong demand
Supply pipeline
Real3.9%
new dwellings approved / stock · ABS 2024-25
High supply risk
5-year price history
Source: VIC Gov · 2025 · all sources
Market overview
SOUTH MELBOURNE DC is a metropolitan VIC suburb with moderate capital growth momentum and lower rental yield. Strong infrastructure, employment access, and lifestyle amenities support ongoing investment demand.
Highlights
- Metro VIC suburb with strong infrastructure and transport
- Rental yield 1.5% with stable tenant demand
- Access to national transport network and amenities
Risk factors
- High entry price may limit buyer pool
- Below-average growth — limited capital appreciation signal
- Subject to broader interest rate and economic conditions
Community profile
Source: ABS Census 2021 · ATO 2022–23Median household income
$2,101/wk
$96k taxable p.a.
Renters
54.9%
42.3% owner-occupier
Median age
39.0 yrs
Unemployment
2.6%
Population growth
+4.4% p.a.
Investor-owned
16.0%
of all dwellings (ATO)
Houses
21%
72% apartments
Degree qualified
48.4%
bachelor's or higher (ABS)
Work from home
37.7%
of employed residents (ABS Census)
Median lot size
180 m²
Apartment/strata
Household size
2.3 persons
avg per dwelling (ABS Census)
Short-term rental
13.8%
Active STR market
Market activity
Distance to CBD
2.1 km
Inner city
Days on market
26 days
Normal turnover
Auction clearance
72.2%
Strong demand
Walkability
99 / 100
Walker's paradise
Coastal proximity
7.2 km
Near coast
NBN technology
FTTCGood — fibre to curb
Population density
10,873/km²
Very dense urban
Schools in postcode 3205
🏫Primary (2)
Galilee Regional Catholic Primary School
Catholic · Yrs Prep-6
South Melbourne Primary School
Government · Yrs Prep-6
🎓Secondary (1)
Youth2Industry College
Independent · Yrs 11-12
⭐Special (1)
Montague School
Government · Yrs U
ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.
Liveability & safety
Safety index
Moderate7.2 offences / 100 persons
Source: VIC Crime Statistics Agency · Dec 2025
School quality
Above average4 schools in postcode area
Source: ACARA My School 2025
Transit access
ExcellentSource: State GTFS feeds
Gentrification signal
40
/ 100
Early-stage signals only. Watch for rising rents, new café activity, and building application increases as leading indicators.
Composite: education premium · youth cohort · rental activity · price gap · transit quality
Environmental risk
Flood risk
Source: State GIS flood zone data
Bushfire risk
Source: CFA / RFS / DFES zone data
Storm risk
Coastal exposure + state climate
Live suburb intelligence
Fetching live data…Location
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