South Melbourne

South Melbourne, VIC 3205 is a dynamic suburb with a population of 11,548 residents. The area experiences steady population growth and has a diverse demographic profile, with a mix of age groups represented. The suburb offers various commuting options, with a significant portion of residents working from home. Residents have access to a range of amenities, including proximity to public transport and opportunities for outdoor activities like biking and walking. For houses in South Melbourne, the suburb has shown positive median growth rates over the past few years, making it an attractive option for homeowners and investors alike. With a low vacancy rate and high demand for rental properties, there may be opportunities for investors seeking rental income. Additionally, the suburb's high room demand-supply ratio could benefit property developers looking to capitalize on this trend. For units, despite a lower median growth rate compared to houses, the higher rental yield and lower vacancy rate could appeal to investors focusing on rental returns. South Melbourne, VIC 3205 offers a vibrant lifestyle with amenities catering to residents of various age groups. The suburb presents opportunities for both homeowners and investors, with the housing market showing positive growth trends. Investors may find potential in capitalizing on the rental market demand, while property developers could leverage the high room demand-supply ratio in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022