348 Albert Road

South Melbourne VIC 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 12,891 properties. Over the last 5 years, Houses in South Melbourne have seen a 11.08% increase in median value, while Units have seen a 7.33% increase. As at 28 February 2026:

• The median value for Houses in South Melbourne is $1,779,597 while the median value for Units is $649,036.
• Houses have a median rent of $725 while Units have a median rent of $650.