2. VIC
  3. Melbourne

East Melbourne VIC 3002

Houses Units

Here you can find what you need to know about East Melbourne, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$3.8M Median Sale Price (National Average $485k) 3rd In VIC
14.28% Median Sale Price Change (1yr) (National Average 4.30%) 31st In VIC
$1,100pw Median Rent (National Average $395) 7th In VIC
1.5% Median Gross Yield (National Average 4.24%) 592nd In VIC

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

East Melbourne, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

East Melbourne, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

East Melbourne, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

Upgrade to Premium to see available development permits for East Melbourne, VIC.  Learn more

Property Prices in East Melbourne


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State Auction Clearance Rates


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Local Schools


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Suburb Information

East Melbourne, VIC 3002

Part of: Melbourne Council No data available

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in East Melbourne

Demographic data provided
by Australian Bureau of Statistics

Market Trends for East Melbourne   for Houses in last 12 months


There have been 22 Houses sold in East Melbourne in the past 12 months with a median sale price of $3.8M, up 14.3% annually. It takes on average 44 days to sell with vendor discounting of -6.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Canterbury VIC, 3126 -9.03% $3,147,500 $1,180pw 1.9% View Suburb Profile
East Perth WA, 6004 -9.21% $862,500 $775pw 4.7% View Suburb Profile
Melbourne VIC, 3000 Unavailable $375,000 $575pw 8.0% View Suburb Profile
Toorak VIC, 3142 -6.54% $5,000,000 $1,300pw 1.4% View Suburb Profile
West Melbourne VIC, 3003 -4.53% $1,212,500 $665pw 2.9% View Suburb Profile
Moe VIC, 3825 0.55% $362,500 $365pw 5.2% View Suburb Profile

Currency

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