Median price trend for houses
Based on 142 sales in the preceding 12 months
$1,850,000
Down 6.1% over 12 months
- 1 bed
- $535k
- 2 bed
- $1.48m
- 3 bed
- $2.1m
- 4 bed
- $2.96m
- 5+ bed
- $6.48m
Yarra River framed by modern skyscrapers
DXR · CC BY-SA 4.0
The quick read on
South Yarra
VIC 3141 · Melbourne
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,850,000
- Median unit
- $531,000
- Population
- 25,028
- Postcode
- 3141
latest suburb median
latest suburb median
ABS 2021
South Yarra, Victoria
Property market insights for South Yarra
Median sale price and rental income of properties in South Yarra VIC
Median rent trend for houses
Based on 184 rental listings in the preceding 12 months
$850 per week
Down 5.6% over 12 months
Market data updated October 2026.
The median house price in South Yarra, VIC is currently $1,850,000, based on the latest 12 months of sales. South Yarra has a 12-month growth rate of -6.1% for houses and -6.3% for units.
One-bedroom houses have a median sale price of $535,000, Two-bedroom houses have a median sale price of $1,480,000, Three-bedroom houses have a median sale price of $2,100,000, Four-bedroom houses have a median sale price of $2,960,000, Larger houses have a median sale price of $6,480,000 in South Yarra.
If you're looking to lease, the median rent for houses in South Yarra is $850 per week. The median house rent has decreased 5.6% over the last 12 months.
The median price of apartments and units for sale in South Yarra is $531,000, which has decreased 6.3% since the same time last year. One-bedroom apartments and units have a median sale price of $390,000, Two-bedroom apartments and units have a median sale price of $645,000, Three-bedroom apartments and units have a median sale price of $1,450,000, Four-bedroom apartments and units have a median sale price of $1,990,000 in South Yarra. The median rent for units and apartments in South Yarra is $625 per week and has increased 4.2% over the last 12 months.
Crime and safety
Is South Yarra safe?
The overall rate for South Yarra is 7,280 offences per 100,000 residents — 82% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of South Yarra.
Overall crime rate
7,280
offences per 100,000 residents
82% aboveGreater Melbourne
South YarraGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in South Yarra?
South Yarra VIC 3141 is in Victoria, within Greater Melbourne.
25,028 people call South Yarra home, with an average of 1.7 people per household and a median household income of $2,063 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 25,028
- Median age
- 33 years
- Median mortgage
- $2,100 / month
- 2021 household rent
- $415 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 157.0%Below
15–3445.8%Above
35–5426.5%Below
55–7415.1%Below
75 and over5.5%Below
Homes
Share of occupied private dwellings.
Separate houses7.4%Below
Townhouses12.8%Below
Apartments79.5%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright18.3%Below
Paying a mortgage18.2%Below
Renting63.5%Above
Cars at home
Vehicles available to occupied households.
No car27.9%Above
One car53.5%Above
Two cars15.0%Below
Three or more3.5%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home47.1%Above
Drove to work20.4%Below
Train, tram or bus8.3%Above
Walked or cycled9.7%Above
What stands out in South Yarra
47.1% of workers in South Yarra worked from home on Census day — noticeably more common than across Greater Melbourne.
4.4% of South Yarra residents were born in England.
51.4% of people in South Yarra described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about South Yarra
Open any question for a plain-English reading of the public 2021 Census for South Yarra VIC 3141.
Is South Yarra family-friendly?Age, family structure and household size describe the community families would be joining.
7.0% of South Yarra's residents were children under 15 in the 2021 Census. That is about half the Greater Melbourne rate.
5,553 family households lived in South Yarra; 21.2% were couple families and 10.7% were one-parent families.
19.8% of local families included children under 15. That is about half the Greater Melbourne rate.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of South Yarra?The balance between younger adults, families and older residents changes how a suburb feels day to day.
South Yarra had 25,028 residents at the 2021 Census.
50.9% of residents were aged 25 to 44.
20.7% were 55 or older. That is somewhat below the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in South Yarra?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 7.4% of occupied private dwellings in South Yarra.
Townhouses and other attached homes represented 12.8% of occupied private dwellings.
Flats and apartments accounted for 79.5% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in South Yarra?Tenure shows how many households own outright, have a mortgage or rent.
18.3% of households with a stated tenure owned their home outright. That is well below the Greater Melbourne average.
18.2% were buying their home with a mortgage.
63.5% rented their home. That is about twice the Greater Melbourne rate.
Tenure shares include households that stated one of these three arrangements.
How large are households in South Yarra?Household-size data shows the mix behind the suburb-wide average.
The average household in South Yarra had 1.7 people.
One-person households made up 49.3% of occupied homes. That is about twice the Greater Melbourne rate.
Two-person households represented 37.0%, while 5.4% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in South Yarra?Census-day travel shows the balance between home, road, public transport and active travel.
47.1% of workers worked from home on Census day. That is well above the Greater Melbourne average.
20.4% drove a car as their only travel method. That is about half the Greater Melbourne rate.
8.3% used only a train, tram or bus, while 9.7% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in South Yarra?Vehicle availability helps describe the routines local households can support.
27.9% of occupied households had no motor vehicle available. That is about twice the Greater Melbourne rate.
One-car households formed 53.5% of the total.
18.6% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to South Yarra, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
33.6% were at the same address five years earlier, while 66.4% reported a different address.
37.6% of residents were born outside Australia. That is close to the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in South Yarra?Language at home gives a direct view of the community’s everyday linguistic mix.
68.8% of residents used only English at home.
24.6% used a language other than English at home.
5.3% spoke Mandarin at home, 1.6% spoke Cantonese and 0.7% spoke Hindi.
Home language is separate from English proficiency.
Where were South Yarra residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
37.6% of South Yarra's population was born outside Australia, while roughly 62.4% was born in Australia.
4.4% of residents were born in China.
2.1% were born in India, while Australian citizenship across the whole suburb stood at 72.1%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape South Yarra?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 31.3% of ancestry responses in South Yarra.
Australian ancestry made up 20.6% of responses.
Chinese ancestry represented 10.3% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in South Yarra?Occupation describes a person’s role; industry describes the sector employing them.
45.6% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 18.9% of employed residents, while clerical and administrative workers made up 10.8%.
Health care and social assistance employed 12.2% of workers, and education and training employed 8.0%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in South Yarra?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 72.9%, compared with 64.1% across Greater Melbourne.
49.1% of residents aged 15 and over worked full time, while 17.2% worked part time.
Unemployment was 4.0%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of South Yarra show?Selected long-term health conditions help describe community service needs.
63.8% reported no selected long-term health condition.
9.8% reported a long-term mental health condition, including depression or anxiety.
8.2% reported asthma, 4.6% arthritis and 2.1% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is South Yarra?Qualifications describe the study pathways represented among local residents.
45.0% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 20.9% of qualification responses.
Diploma-level qualifications represented 10.3%, while certificate-level qualifications represented 8.2%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in South Yarra?Census income and household payments give historical context for local living costs.
Median household income was $2,063 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,100.
Occupied renting households reported a median rent of $415 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does South Yarra compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 47.1% in South Yarra, compared with 28.8% across Greater Melbourne.
Outright ownership was 18.3% locally and 30.7% across Greater Melbourne. That is well below the Greater Melbourne average.
Renting accounted for 63.5% in South Yarra, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to South Yarra
Is South Yarra expensive?
The median house price is $1,850,000, while units and apartments sit at $531,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is South Yarra good for families?
The Census counted 5,553 local families, and 7.0% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in South Yarra?
2-bedroom houses have a median around $1,480,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around South Yarra
174 streets in South Yarra
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Acland St
- Adams St
- Affleck St
- Airlie Bank Ln
- Airlie St
- Albion St
- Alexandra Ave
- Alexandra Street
- Almeida Cr
- Anderson St
- Argo St
- Arnold St
- Arthur St
- Avoca St
- Balmoral Pl
- Balmoral St
- Barnsbury Rd
- Barry Ln
Show all 174 streetsShow fewer streets
- Barry St
- Bond St
- Bray St
- Bromby St
- Browning
- Bunalbo Ave
- Bunny Ln
- Caroline St
- Caroline St South
- Cassell St
- Cavendish Pl
- Chambers St
- Chapel
- Chapel St
- Clara St
- Claremont St
- Cliff St
- Clowes St
- Commercial Rd
- Como Ave
- Coolullah Ave
- Copelen St
- Cromwell Cr
- Cromwell Pl
- Cromwell Rd
- Cunningham St
- Daly St
- Darling St
- Davidson St
- Davis Ave
- Davison Pl
- Day St
- Dobson St
- Domain Rd
- Domain St
- Elizabeth Street
- Ellis St
- Fairlie Ct
- Fawkner St
- Fitzgerald St
- Forrest
- Forster St
- Fulham Ave
- Garden Ln
- Garden St
- Gordon Gr
- Grosvenor St
- Hardy St
- Hawksburn Cl
- Hawksburn Rd
- Hazeldon Pl
- Hobson St
- Hope St
- Hopetoun Gr
- Howard St
- Howitt St
- Hyland St
- Inglis
- Iona Avenue
- Joy St
- Kensington Rd
- Krypton Ln
- Kurneh Pl
- Lang Street
- Lara St
- Lawson Gr
- Leopold St
- Little Park St
- Luxton Rd
- Macfarlan Ln
- Macfarlan Pl
- Macfarlan St
- Malcolm St
- Malvern Rd
- Margaret St
- Market St
- Marne St
- Marthas Ln
- Mason St
- May Gr
- Mckillop St
- Medley Pl
- Medley St
- Millswyn St
- Moffat St
- Mona Pl
- Moore St
- Motherwell St
- Murphy St
- Myrtle St
- Nicholson St
- Norman Ave
- Norman Ln
- Northampton Pl
- Oban Pl
- Oban St
- Osborne St
- Oxford Ln
- Oxford St
- Palermo St
- Palfreyman St
- Park Ln
- Park Pl
- Park St
- Pasley St
- Pasley St North
- Pasley St South
- Penny Ln
- Perry St
- Peter St
- Phoenix St
- Portland Pl
- Powell St
- Punt Rd
- Quamby Ave
- Railway Pl
- Ralston St
- River Ln
- River St
- Rockley Rd
- Rocky Ln
- Scotia Gr
- Shipley St
- Simmons Ct
- Simmons St
- Slater Street
- Snowball Ln
- Spring Gardens Street
- Stables Ln
- Stanhope Ct
- Stanley St
- Station St
- St Leonards Ct
- St Martins Ln
- St Martins Pl
- Stokan Pl
- Surrey Rd
- Surrey Rd North
- The Righi
- The Vaucluse
- Time Ln
- Tivoli Pl
- Tivoli Rd
- Toorak Rd
- Tyrone St
- Victoria Tce
- Walsh St
- Walter St
- Wicklow Ln
- Williams Rd
- Williams Rd North
- William St
- Wilson St
- Wisewould Ln
- Witchwood Cl
- Yarra St
12 suburbs surrounding South Yarra
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is South Yarra right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.