UNIT 1,
278-282 KINGS WAY SOUTH MELBOURNE VIC 3205

About South Melbourne

With an average age of 36, households expect an average monthly mortgage payment of $2,300 or a weekly rent payment of $466. The average family earns a weekly income of $3,416 with a typical household size of 1.9 and a 95.89% employment rate.

Consistent high demand relative to supply is a key feature in South Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in South Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in South Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Public Transport

Stop 24: Clarendon Street Stop 129: Park Street Stop 128: Dorcas Street Stop 128: Dorcas Street Stop 26: Ferrars Street Stop 26: Ferrars Street Stop 25: Cecil Street Stop 25: Cecil Street Stop 127: South Melbourne Stop 127: South Melbourne

General Points of Interest

Hall's Taekwondo Centre Green Acres Golf Club Trinity College Como Centre Admiral Creswell Memorial Melbourne Cricket Ground Olympia Gymnasium Centenary Bridge Pillar Altona Badminton Centre Flemington Grandstand

Population

(Country of Birth not stated 2%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Albert Park College South Melbourne Park Primary School

• Melbourne Grammar School

  Melbourne, VIC, 3004 Independent Prep-12

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• Victorian College Of The Arts Secondary School

  Southbank, VIC, 3006 State 7-12

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• Hester Hornbrook Academy

  South Melbourne, VIC, 3205 Independent 10-12

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• South Melbourne Primary School

  South Melbourne, VIC, 3205 State Prep-6

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• Galilee Regional Catholic Primary School

  South Melbourne, VIC, 3205 Independent Prep-6

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• MacRobertson Girls High School

  Melbourne, VIC, 3004 State 9-12

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website