FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates South Melbourne, Victoria 6.5 out of 10 (Workhorse Investment) as of May 2026.
South Melbourne offers a prime inner-city investment, leveraging its 2km proximity to the CBD to attract high-value tenants and drive consistent capital appreciation. A critically low 1.2% vacancy rate underscores robust tenant demand, solidifying its position as a reliable workhorse asset for long-term investors.
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 South Melbourne, Victoria 6.5 out of 10 (Workhorse Investment) as of May 2026. South Melbourne offers a prime inner-city investment, leveraging its 2km proximity to the CBD to attract high-value tenants and drive consistent capital appreciation. A critically low 1.2% vacancy rate underscores robust tenant demand, solidifying its position as a reliable workhorse asset for long-term investors.
The median house price in South Melbourne, VIC is $2.07M. Weekly rent of $1050 against a 2.6% gross yield underpins this figure.
South Melbourne has a gross rental yield of 2.6%, with a median weekly rent of $1050. 12-month price growth is tracking at +6.5%.
Based on its market signals, South Melbourne aligns with: Defensive Hold.