Price drops in East Melbourne
Listings for sale in East Melbourne, VIC 3002 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
11
29% of 38 live listings
Median cut
4.7%
$100K off the asking price
Days listed before cut
57
median, first listed to latest cut
Cuts, last 30 / 90 days
9 / 9
3 listings have raised instead
East Melbourne price-drop summary
11 listings in East Melbourne (29% of the 38 on the market) are advertised below an earlier asking price. The typical reduction is 4.7%, about $100K. Apartment listings account for 8 of them, with a median cut of 4.1%. Going the other way, 3 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| Apartment | 8 | 4.1% |
| House | 3 | 6.3% |
Largest current cuts in East Melbourne
By percentage, biggest first. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 111 Wellington Parade South | $4,179,999 | $3,600,000 | -13.9% | 1 bed House | |
| 302/144 Jolimont Road | $2,350,000 | $2,090,000 | -11.1% | 2 bed Apartment | |
| 25/102 Jolimont Road | $2,090,000 | $1,870,000 | -10.5% | 3 bed Apartment | |
| 103/372-380 Albert Street | $4,150,000 | $3,800,000 | -8.4% | 3 bed Apartment | |
| 90 Gipps Street | $8,000,000 | $7,495,000 | -6.3% | 4 bed House | |
| 109/25 Hotham Street | $320,000 | $305,000 | -4.7% | 1 bed Apartment | |
| 5/211 Wellington Parade South | $1,450,000 | $1,399,000 | -3.5% | 3 bed Apartment | |
| 15/29 George Street | $760,000 | $735,000 | -3.3% | 1 bed Apartment | |
| 52 Simpson Street | $3,150,000 | $3,050,000 | -3.2% | 4 bed House | |
| 901V/162 Albert Street | $580,000 | $570,000 | -1.7% | 2 bed Apartment | |
| 611/162 Albert Street | $500,000 | $495,000 | -1.0% | 2 bed Apartment |
Suburb profile
East Melbourne market data
Median prices, rents, growth and vacancy for East Melbourne.
Sold prices
Recent sales in East Melbourne
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in East Melbourne: common questions
How many properties in East Melbourne have had a price drop?
11 listings for sale in East Melbourne VIC 3002 are currently advertised below an earlier asking price, 29% of the 38 listings on the market. 9 of those cuts were recorded in the last 30 days and 9 in the last 90.
How much are East Melbourne sellers cutting their prices by?
The median cut is 4.7%, or $100K, measured from the previous advertised asking price to the current one on each listing.
How long are East Melbourne listings on the market before the price drops?
A median of 57 days from when the listing first appeared to its latest price cut, across 11 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.