South Yarra is, above all, an apartment market, and a vast one. More than three hundred one-bedroom units and three hundred two-bedroom units sold over the year, with the affordable one-bedroom stock near $378,000 clearing at around seven in ten inside a month. That is squarely where the current surge in interstate investor demand is landing, with buyers chasing affordable apartments and, increasingly, whole blocks.
The house market is smaller and more mixed. Two-bedroom homes clear strongly at close to four in five, and the best four-bedroom homes hold around seven in ten, while the three-bedroom middle near $1.885m is more selective at under half.
With buyers active and often lodging offers across several properties at once, homes that are priced and presented well are moving quickly. For vendors that means acting decisively when interest arrives, because in this market the strongest buyers are ready to commit fast and will not wait long.
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
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