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Real Estate Appraisal South Melbourne VIC 3205

How much is my home worth in South Melbourne?

<p>The median price for a house in South Melbourne is $1,579,000 as of June 2, 2023. The median price for a unit is $566,000.</p><p>The average annual growth on houses is 2.96%, and for units, it is -4.84%. The 12-month capital growth is 8.7% on houses, and for units, it is -14.9%.</p><p>There have been 103 houses sold and 146 units sold in the last year.</p><p>It takes on average 52 days to sell a house and 54 days to sell a unit in South Melbourne.</p><p>In South Melbourne, there were 123 homes for sale and 170 for rent last month. For homes, the median price over the past year ranges from $1,570,000 to $566,000 for apartments. If you&#x27;re looking for an investment property, South Melbourne homes rent for $730 PW with a 2.7% annual rental return and apartments rent for $520 PW with a 5.0% annual rental yield. </p><p><b>House prices and rent returns in South Melbourne.</b></p><ul><li>2 bedroom home $1,210,000, Rent per week $650</li><li>3 bedroom home $2,052,000 Rent per week $930</li><li>4 bedroom home $2,890,000, Rent per week $1150</li></ul><p><b>Unit prices and rent returns in South Melbourne.</b></p><ul><li>1 bedroom unit $389,000, Rent per week $425</li><li>2 bedroom unit $600,000, Rent per week $575</li><li>3 bedroom unit $800,000, Rent per week $777</li></ul><p>In South Melbourne, the gross rental yield is 2.7% on houses and 5.0% on units.</p>

Free Real Estate Appraisal South Melbourne

Selling your house in South Melbourne? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.

Free Rental Appraisal South Melbourne

Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.

Property Valuation South Melbourne

The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.

If you want to know the value of your South Melbourne home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.

How do we appraise a property in South Melbourne?

<ul><li>Recent property sales history in the South Melbourne district</li><li>Location and the proximity to amenities</li><li>Accessibility of schools and shops</li><li>Comparison of market values</li><li>Condition and size of the property</li></ul>

Want to know what your South Melbourne home is worth?

South Melbourne Real Estate Agents - Contact Details

<p>Office: <a href="/offices/docklands/">Docklands</a><br/>Phone: <a href="tel:03 9936 9999">03 9936 9999</a></p>

Featured suburbs

Albert Park

VIC 3206

Albert Park is an inner suburb located 3 km south of Melbourne's CBD.

View Suburb Profiles in the City of Port Phillip