GoSiteHunt

Home / Suburb data / East Melbourne (VIC)

East Melbourne (VIC) property development snapshot

GoSiteHunt Research · Victoria · Inner Melbourne · sales Apr-Jun 2025 · rents moving annual median, year to Sep 2025

$2,400,000
Median house price · Apr-Jun 2025
-36%
Median change, year on year
6
House sales in the period
$1100/wk
Median rent · 3-bed houses
2.4%
Indicative gross yield

Median rents by bedroom

Type1-bed2-bed3-bed4+ bedAll
House$875/wk (18 bonds)$1100/wk (17 bonds)
Unit$520/wk (165 bonds)$690/wk (177 bonds)$1175/wk (36 bonds)

Bond-lodgement medians from the Homes Victoria Rental Report, Victorian Government (CC BY 4.0), moving annual median, year to Sep 2025. "Low sample" = the count is masked or small at source; treat those medians with care.

What the data suggests for developers.

At around 2.4% gross, rent barely registers against the $2,400,000 median — this is an end-value-led market. A feasibility in East Melbourne stands or falls on the sale price of the finished product, and holding costs bite harder while you build. The -36% year-on-year move comes off only 6 sales — too thin a sample to trust as momentum, so weight it accordingly. All of the above is area-level screening, not advice: a specific parcel lives or dies on zoning, overlays, frontage, and the end value of what it can actually carry.

Check a specific address in East Melbourne.

This page is suburb-level screening. For one property — zoning, what could be built, what a developer could pay — run a GoSiteHunt site check, screen it with the free Deal Killer Checklist, or see how many units fit on a block.

Related suburb snapshots: Abbotsford · Albert Park · Armadale

State-wide ranking: Victoria Opportunity Index · all covered areas: suburb data hub

Granularity & method.

Suburb-level sale medians from the Valuer-General's quarterly series (published in arrears). Rents are Homes Victoria bond medians, published for grouped suburb areas — where shown, the rent row names the group. Indicative gross yield = headline weekly bond median × 52 ÷ sale median — a screening ratio, not a valuation input.

Sources: Victorian Property Sales Report, Valuer-General Victoria / DTP (CC BY 4.0) · Homes Victoria Rental Report, Victorian Government (CC BY 4.0) · Indicative screening data — not financial, investment, valuation or planning advice. Area medians can move sharply between periods, especially on thin samples. © Madison Jade Pty Ltd.