207/97 Palmerston CrescentSouth Melbourne VIC 3205
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Luxury Inner-City Living
Property Details for 207/97 Palmerston Cres, South Melbourne
207/97 Palmerston Cres, South Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Hoyee Property Group.
About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 12,873 properties. Over the last 5 years, Houses in South Melbourne have seen a 12.88% increase in median value, while Units have seen a 8.87% increase. As at 31 October 2025:
- The median value for Houses in South Melbourne is $1,742,323 while the median value for Units is $631,244.
- Houses have a median rent of $705 while Units have a median rent of $650.
Suburb Insights for South Melbourne 3205
Market Insights
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Neighbourhood Insights
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