Is EAST MELBOURNE a good suburb for positive geared property investment in Australia?

EAST MELBOURNE in VIC currently features property rental yields up to 2.7% with a 12-month capital growth value of Down -15.1%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in EAST MELBOURNE 3002?

The median house price in EAST MELBOURNE 3002 is approximately $2,950,000 based on the latest tracked market indices.

Investment Spotlight • Australia

EAST MELBOURNE 3002

State: VIC

Updated: 6 August 2026

PosiProp AI Investment Summary

EAST MELBOURNE (VIC 3002) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.7% and has experienced a 12-month capital growth of Down -15.1%, with a median house buy price of $2,950,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$1,885,000

Up 7.7% 2.9% Yield

3 house • buy

$2,950,000

Down -3.3% 2.7% Yield

4 house • buy

$3,300,000

Down -15.4% 2.7% Yield

all house • buy

$2,950,000

Down -15.1% 2.7% Yield

Suburb Market Profile

Last month East Melbourne had 37 properties available for rent and 48 properties for sale. Median property prices over the last year range from $2,950,000 for houses to $720,000 for units. If you are looking for an investment property, consider houses in East Melbourne rent out for $1,275 PW with an annual rental yield of 2.7% and units rent for $625 PW with a rental yield of 4.1%. East Melbourne has seen an annual compound growth rate of -15.1% for houses and -0.7% for units.

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