The market is moving quickly right now, and there's a genuine flight to quality and affordability at play. Recent high-value sales in the area have generated real buzz, and interstate buyer's advocates are reportedly calling daily, keen to take advantage of Melbourne pricing while the opportunity lasts.
Buyers want solid brick, carefully built and well-designed homes at the right price, not the glass towers and Activity Centres dominating conversation elsewhere. Privacy, security and genuine outdoor space are front of mind, and parking still matters here despite how well South Yarra is served by public transport.
Melbournians are famously fickle, but as the weather warms and footy finals get underway, sentiment is genuinely lifting, and plenty of buyers are trying to stay ahead of the curve. Prices are still easing overall, houses down 11 per cent year on year, though units are clearing at 68.5 per cent, up a striking 31.6 per cent. This pocket is holding up better than most through the adjustment.
Median sale price for houses in South Yarra is $1,870,000, down 11.0% from last year.
Median sale price for units in South Yarra is $520,000, down 5.5% from last year.
Properties sold for houses in South Yarra is 166, up 4.4% from last year.
Properties sold for units in South Yarra is 696, down 3.3% from last year.
Auction clearance for houses in South Yarra is 59.8%, down 13.7% from last year.
Auction clearance for units in South Yarra is 68.5%, up 31.6% from last year.
Av days on market for houses in South Yarra is 36, down 5.3% from last year.
Av days on market for units in South Yarra is 33, down 31.3% from last year.
$3,665,000
$1,870,000
$1,595,000
$1,310,500
$1,200,000
$472,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
There is a common assumption that engaging a property manager is something that happens towards the end of purchasing an investment property.
Changing the renters named on a rental agreement can sound relatively simple. One person moves out, another moves in, a partner is added, or one housemate replaces another.
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find South Yarra’s Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
