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South Melbourne
Inner Melbourne · VIC
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URBANOS SCORE
Our model52/100
Our proprietary model — yield, supply pipeline, price growth, infrastructure and CBD proximity for new build investors
→ Around Melbourne average·typical for established suburbs with stable fundamentals
KEY METRICS
Gross yield
4.85%
Median rent / wk
$548
1yr price growth
8.9%
Median unit price
$588k
Distance CBD
2.3km
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Data last updated: June 2026·Sources: CAV rent bonds, Valuer General, ABS Census, Victorian UDP·Stats reflect all properties in the suburb — new builds typically achieve higher yields and prices than the suburb median.
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Active developments (24)
1-13 COBDEN STREET
Under construction~ Likely Eligible
$ – $
231 of 231 available
156-162 THISTLETHWAITE STREET
Under construction~ Likely Eligible
$ – $
11 of 11 available
272-280 NORMANBY ROAD
Under construction~ Likely Eligible
$ – $
213 of 213 available
28-32 ALBERT ROAD
Under construction~ Likely Eligible
$ – $
44 of 44 available
245-251 NORMANBY ROAD
Under construction~ Likely Eligible
$ – $
406 of 406 available
253 NORMANBY ROAD
Under construction~ Likely Eligible
$ – $
428 of 428 available
182-192 CLARENDON STREET
Under construction~ Likely Eligible
$ – $
38 of 38 available
200-204 WELLS STREET
Off the plan~ Likely Eligible
$ – $
84 of 84 available
240-246 NORMANBY ROAD
Off the plan~ Likely Eligible
$ – $
250 of 250 available
60-82 JOHNSON STREET
Off the plan~ Likely Eligible
$ – $
1379 of 1379 available
256-262 NORMANBY ROAD
Off the plan~ Likely Eligible
$ – $
158 of 158 available
2-28 MONTAGUE STREET
Off the plan~ Likely Eligible
$ – $
384 of 384 available
11-27 DORCAS STREET
Off the plan~ Likely Eligible
$ – $
243 of 243 available
162-180 CLARENDON STREET
Off the plan~ Likely Eligible
$ – $
25 of 25 available
11-41 BUCKHURST STREET
Off the plan~ Likely Eligible
$ – $
145 of 145 available
6-78 BUCKHURST STREET
Off the plan~ Likely Eligible
$ – $
1004 of 1004 available
286-294 KINGS WAY
Off the plan~ Likely Eligible
$ – $
50 of 50 available
13-21 PALMERSTON ROAD
Off the plan~ Likely Eligible
$ – $
196 of 196 available
329-331 FERRARS STREET
Off the plan~ Likely Eligible
$ – $
14 of 14 available
9-13 PARK STREET
Off the plan~ Likely Eligible
$ – $
45 of 45 available
15-37 BANK STREET
Off the plan~ Likely Eligible
$ – $
355 of 355 available
15-37 BANK STREET
Off the plan~ Likely Eligible
$ – $
355 of 355 available
9-13 PARK STREET
Off the plan~ Likely Eligible
$ – $
45 of 45 available
15-37 BANK STREET
Off the plan~ Likely Eligible
$ – $
355 of 355 available