Suburb Profile | South Melbourne


Mercer Pearce Project Packs, Market Intelligence and Real Estate

excerpt

The size of South Melbourne is approximately 2 square kilometres. It has 6 parks covering nearly 1% of total area. The population of South Melbourne in 2006 was 8,545 people. By 2011 the population was 9,326 showing a population growth of 9.1% in the area during that time. The predominant age group in South Melbourne is 25-34 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation. In 2006, 42% of the homes in South Melbourne were owner-occupied compared with 44.9% in 2011. Currently the median sales price of houses in the area is $1,520,000.

 

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