South Yarra, Melbourne
Property insights
Explore South Yarra, Melbourne's vibrant inner-city suburb. Discover its affluent lifestyle, diverse property, top schools, excellent transport, and dynamic amenities for property buyers in 2026.
Tips for Buyers
- 1.Be prepared for premium property values and a competitive market due to high demand.
- 2.Thoroughly research specific sub-precincts within South Yarra for variations in noise and apartment density.
- 3.Leverage the suburb's excellent public transport network for easy commuting to the CBD and beyond.
- 4.Consider the long-term benefits of ongoing infrastructure development and urban renewal projects.
- 5.Explore the diverse range of property types, from historic homes to modern apartments, to find the best fit for your lifestyle and budget.
Common Property Types
- • Historic grand houses and mansions
- • Modern apartments and units
- • New development apartments
Who Lives Here
Predominantly young professionals (20-34 years) and families with a high proportion of residents holding tertiary and postgraduate qualifications. Average household size of 1.7 people per dwelling.
Transport
- • South Yarra Station (Frankston, Pakenham, Sandringham lines)
- • Tram services along St Kilda Road
- • Bus routes (e.g., 605, 603)
- • Capital City Trail (cycling)
Schools
- • South Yarra Primary School
- • Christ Church Grammar School
- • Melbourne High School
- • Melbourne Girls Grammar
Amenities
- • Chapel Street (boutiques, cafes, restaurants, bars, nightlife)
- • Prahran Market
- • Royal Botanic Gardens Victoria
- • Fawkner Park
South Yarra remains a highly resilient and sought-after market. Forecasts for 2026 suggest moderate price growth, with houses potentially increasing by 6.6-6.8% and units by 7.3%. However, premium property values make it inaccessible for many first-home buyers, and a noted apartment oversupply in some areas could be a factor for investors.
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