Median price
$630k
Apartments · Annual · VGV 2025
Sales (2025)
326
Active market
Price range
$630k–$630k
10th–90th pct
What different budgets can access
Budget access and price distribution are estimated from NSW market distribution curves — individual sale records are not publicly available in Victoria. See methodology.
| Budget | Market access | Grade | Est. properties |
|---|---|---|---|
| $400,000 | ~13% | D — Very limited | ~42 of 326 |
| $525,000 | ~32% | C — Limited | ~104 of 326 |
| $625,000 | ~49% | B — Competitive | ~160 of 326 |
| $850,000 | ~77% | A — Strong access | ~251 of 326 |
Price distribution
Budget access and price distribution are estimated from NSW market distribution curves — individual sale records are not publicly available in Victoria. See methodology.
Under $300k
~3%
$300k–$500k
~25%
$500k–$750k
~39%
$750k–$1.1M
~25%
Over $1.1M
~8%
Median price
$1.93M
Houses · Annual · VGV 2025
Sales (2025)
98
Active market
Price range
$1.93M–$1.93M
10th–90th pct
What different budgets can access
Budget access and price distribution are estimated from NSW market distribution curves — individual sale records are not publicly available in Victoria. See methodology.
| Budget | Market access | Grade | Est. properties |
|---|---|---|---|
| $1,250,000 | ~14% | D — Very limited | ~14 of 98 |
| $1,575,000 | ~30% | C — Limited | ~29 of 98 |
| $1,925,000 | ~50% | B — Competitive | ~49 of 98 |
| $2,600,000 | ~77% | A — Strong access | ~75 of 98 |
Price distribution
Budget access and price distribution are estimated from NSW market distribution curves — individual sale records are not publicly available in Victoria. See methodology.
Under $950k
~4%
$950k–$1.5M
~23%
$1.5M–$2.3M
~41%
$2.3M–$3.5M
~26%
Over $3.5M
~7%
Median price
$1.58M
Townhouses · Annual · VGV 2025
Sales (2025)
44
Active market
Price range
$1.58M–$1.58M
10th–90th pct
What different budgets can access
Budget access and price distribution are estimated from NSW market distribution curves — individual sale records are not publicly available in Victoria. See methodology.
| Budget | Market access | Grade | Est. properties |
|---|---|---|---|
| $1,025,000 | ~14% | D — Very limited | ~6 of 44 |
| $1,300,000 | ~31% | C — Limited | ~14 of 44 |
| $1,575,000 | ~49% | B — Competitive | ~22 of 44 |
| $2,150,000 | ~78% | A — Strong access | ~34 of 44 |
Price distribution
Budget access and price distribution are estimated from NSW market distribution curves — individual sale records are not publicly available in Victoria. See methodology.
Under $800k
~4%
$800k–$1.3M
~27%
$1.3M–$1.9M
~36%
$1.9M–$2.9M
~26%
Over $2.9M
~7%
See if your budget is realistic for South Melbourne
Check my search →Frequently asked questions
What is the median apartment price in South Melbourne?
The median apartment price in South Melbourne was $630,000 in 2025, based on 326 recorded sales from the Victorian Valuer General.
Is South Melbourne affordable on a $525,000 budget?
A $525,000 budget gives access to an estimated 32% of the South Melbourne apartment market (estimated from market distribution curves).
How many apartments sold in South Melbourne in 2025?
326 apartments were recorded in South Melbourne in 2025 by the Victorian Valuer General. This classifies it as an active market (30+ sales per year).
What is the price range for apartments in South Melbourne?
Sale prices in South Melbourne ranged from $630,000 (10th percentile) to $630,000 (90th percentile) in 2025.