South Melbourne is one of Melbourne's most coveted inner-south addresses — a sophisticated precinct of converted warehouses and grand terrace rows where the renowned South Melbourne Market, Albert Park Lake's 255-hectare leisure precinct, and proximity to the Alfred Hospital's medical research cluster create exceptional lifestyle amenity within 2km of the CBD. South Melbourne's limited housing stock, strong corporate and medical professional rental demand, and direct Albert Park access deliver consistently strong long-term capital growth. At the current $1.6m median house price, an 80% loan at 6.25% over 30 years is about $7,881 per month.
| Median house price | $1,600,000 |
|---|---|
| Median unit price | $750,000 |
| Estimated monthly repayment | $7,881 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.5% |
| Gross rental yield | 3.5% |
| Typical days on market | 20 |
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