EAST MELBOURNE 3002
State: VICPosiProp AI Investment Summary
EAST MELBOURNE (VIC 3002) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.4% and has experienced a 12-month capital growth of Down -18.7%, with a median house buy price of $3,050,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,726,750
$2,952,500
$3,875,000
$3,050,000
Suburb Market Profile
Last month East Melbourne had 36 properties available for rent and 38 properties for sale. Median property prices over the last year range from $3,050,000 for houses to $692,500 for units. If you are looking for an investment property, consider houses in East Melbourne rent out for $1,175 PW with an annual rental yield of 2.4% and units rent for $620 PW with a rental yield of 4.3%. East Melbourne has seen an annual compound growth rate of -18.7% for houses and -9.2% for units.