FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates East Melbourne, Victoria 7.1 out of 10 (Steady Buy) as of May 2026.
East Melbourne presents a compelling investment due to its prime 1km CBD proximity, attracting high-income professionals who drive a 1.2% vacancy rate. Coupled with critically low supply, this ensures strong rental stability and fuels continued capital appreciation, with 10% growth over the past year. The market has started re-rating this location — 12-month growth of +10.0% puts it ahead of the broader Victoria median. Constrained supply means downward price pressure is structurally limited.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →FairSquare's model rates East Melbourne, Victoria 7.1 out of 10 (Steady Buy) as of May 2026. East Melbourne presents a compelling investment due to its prime 1km CBD proximity, attracting high-income professionals who drive a 1.2% vacancy rate. Coupled with critically low supply, this ensures strong rental stability and fuels continued capital appreciation, with 10% growth over the past year.
The median house price in East Melbourne, VIC is $2.61M. Weekly rent of $1559 against a 3.1% gross yield underpins this figure.
East Melbourne has a gross rental yield of 3.1%, with a median weekly rent of $1559. 12-month price growth is tracking at +10.0%.
Based on its market signals, East Melbourne aligns with: Growth Play, Defensive Hold, Long Hold.