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3205 · VIC
South Melbourne
Data updated Q4 2025 · 189 bond lodgements/qtr
| House | Unit | |
|---|---|---|
| Median rent | $950/wk | $540/wk |
| 1yr change | ↑ 11.1%(was $855/wk) | ↑ 11.1%(was $486/wk) |
| 3yr change | ↑ 35.1%(was $703/wk) | ↑ 39.2%(was $388/wk) |
| Vacancy rate | 1.3%low availability | |
| Bond lodgements | 189 per quarter | |
Vacancy rate context
A healthy rental market sits around 3% vacancy. At 1.3%, availability in South Melbourne is low. Competition for rentals remains high, giving landlords above-average leverage.
Other suburbs in VIC
Median rents are calculated from rental bond lodgements submitted to state government authorities (NSW Fair Trading, RTBA VIC, RTA QLD, CBS SA, DMIRS WA). Data is updated quarterly and represents the median weekly rent for new tenancies.
$/wk
Median rent in South Melbourne (2-bed unit): $459/wkQ4 2025 · 189 bonds