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 $1,860,000, down 9.0% from last year.
Median sale price for units in South Yarra is $520,000, down 5.2% from last year.
Properties sold for houses in South Yarra is 174, up 10.8% from last year.
Properties sold for units in South Yarra is 698, down 3.9% from last year.
Auction clearance for houses in South Yarra is 60.2%, down 12.8% from last year.
Auction clearance for units in South Yarra is 68.2%, up 26.2% from last year.
Av days on market for houses in South Yarra is 39, up 8.3% from last year.
Av days on market for units in South Yarra is 34, down 29.2% from last year.
$3,659,000
$1,860,000
$1,615,000
$1,327,500
$1,311,000
$472,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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