East Melbourne VIC Property Investment

Melbourne · 3002

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Median House Price

$3.20M

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$670K

As of 7 Nov 2026.

Population (Census 2021)

4,896

East Melbourne Short-Term Rental Market

Short-stay estimate: run a brief

Past price growth

Median house sale price growth, East Melbourne: -0.4% a year, 2020 to 2025. Source: Valuer-General Victoria, Victorian Property Sales Report – Houses/Units by suburb 2015–2025 (released 9 Sep 2026). © State of Victoria (Department of Transport and Planning), licensed under CC BY 4.0 (creativecommons.org/licenses/by/4.0). Growth rates calculated by Estait. Sales count not published by the source. Past growth doesn't predict future prices.

New dwellings approved

New dwellings approved, Melbourne council area, 12 months to Aug 2026: 4,741. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just East Melbourne.

Suburb Metric Thresholds

5 green0 yellow2 red

Population growth 2016–21, postcode 3002 (ABS Census)

-0.28 high impact

Median Household Income

2345 medium impact

Public Transport Score

10 medium impact

School Zone Quality

8.2 medium impact

Distance to CBD

1.73 medium impact

SEIFA Advantage/Disadvantage

10 medium impact

Owner Occupier Rate

44.8 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-09

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3002

Most disadvantagedLeast disadvantaged

Decile 10 of 10 — Low disadvantage

Population (suburb)

4,896

Education (IEO)

10/10

Econ. Resources (IER)

4/10

Schools

In your catchment

Richmond West Primary School

PrimaryGovernment

7.8/10

Collingwood College

SecondaryGovernment

6.6/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.