VIC3205· Pop. 11,548Port Phillip

SOUTH MELBOURNE

EstablishedSteady performer with reliable demand and moderate capital growth

Investor score

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

2.6%

computed from govt data

Annual growth

-4.5%

annualised from govt data

Vacancy rate

2.2%

modelled estimate

AI insights for SOUTH MELBOURNE

Investment analysis, risks & comparisons

PREMIUM

SOUTH MELBOURNE 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.

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Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$758/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+1.8%

annual shift

Yield × growth index

-0.9

combined signal

Net yield (est.)

1.81%

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

63 / 100

Strong demand

Supply pipeline

Real

2.1%

new dwellings approved / stock · ABS 2024-25

Moderate supply

5-year price history

2020

$1580k

2021

$1710k

2022

$1883k

2023

$1630k

2025

$1485k

Source: VIC Gov · 2025 · all sources

Market overview

SOUTH MELBOURNE 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 2.6% 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 2022–23

Median household income

$2,101/wk

$96k taxable p.a.

Renters

54.9%

42.3% owner-occupier

Median age

39.0 yrs

Unemployment

4.1%

Population growth

+4.4% p.a.

Investor-owned

16.0%

of all dwellings (ATO)

Houses

17%

72% apartments

Degree qualified

42.9%

bachelor's or higher (ABS)

Work from home

22.0%

of employed residents (ABS Census)

Median lot size

90 m²

Apartment/strata

Household size

2.3 persons

avg per dwelling (ABS Census)

Short-term rental

14.1%

Active STR market

Market activity

Distance to CBD

2.1 km

Inner city

Days on market

20 days

Fast-moving market

Auction clearance

72.2%

Strong demand

Walkability

99 / 100

Walker's paradise

Coastal proximity

7.2 km

Near coast

NBN technology

FTTP

Fastest — full fibre to premises

Population density

8,081/km²

Very dense urban

Schools in postcode 3205

🏫2 Primary🎓1 Secondary⭐1 Special

ACARA 2025

🏫Primary (2)

Galilee Regional Catholic Primary School

Catholic · Yrs Prep-6

ICSEA 1154

South Melbourne Primary School

Government · Yrs Prep-6

ICSEA 1144

🎓Secondary (1)

Youth2Industry College

Independent · Yrs 11-12

ICSEA 1033

⭐Special (1)

Montague School

Government · Yrs U

ICSEA 983

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

High crime

53/ 100

14.2 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Above average

1079ICSEA · national avg 1000

4 schools in postcode area

Source: ACARA My School 2025

Transit access

Excellent

89/ 100

🚆 5 train🚃 22 tram🚌 54 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Early signs

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

low

Source: State GIS flood zone data

🔥

Bushfire risk

low

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

medium

Coastal exposure + state climate

Live suburb intelligence

Fetching live data…

Location

Properties in SOUTH MELBOURNE

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