Price drops in South Melbourne
Listings for sale in South Melbourne, VIC 3205 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
39
38% of 103 live listings
Median cut
4.5%
$30K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
28 / 33
5 listings have raised instead
South Melbourne price-drop summary
39 listings in South Melbourne (38% of the 103 on the market) are advertised below an earlier asking price. The typical reduction is 4.5%, about $30K. Apartment listings account for 35 of them, with a median cut of 4.5%. Going the other way, 5 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| Apartment | 35 | 4.5% |
| House | 3 | 4.1% |
| Townhouse | 1 | 14.7% |
Largest current cuts in South Melbourne
The 30 biggest of 39, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 3 Fitzpatrick Street | $1,700,000 | $1,450,000 | -14.7% | 3 bed Townhouse | |
| 105/59 Thistlethwaite St | $650,000 | $560,000 | -13.8% | 2 bed Apartment | |
| 1905/41-49 Bank Street | $1,650,000 | $1,450,000 | -12.1% | 3 bed Apartment | |
| 42/88 Park Street | $850,000 | $750,000 | -11.8% | 3 bed Apartment | |
| 121-123 Nelson Road | $4,900,000 | $4,400,000 | -10.2% | 4 bed House | |
| 210/38 Bank Street | $730,000 | $670,000 | -8.2% | 2 bed Apartment | |
| 507/338 Kings Way | $650,000 | $599,000 | -7.8% | 2 bed Apartment | |
| 411/41 Bank Street | $468,000 | $435,000 | -7.1% | 1 bed Apartment | |
| 2/352 Albert Road | $750,000 | $700,000 | -6.7% | 2 bed Apartment | |
| 702/159-161 Eastern Road | $3,050,000 | $2,850,000 | -6.6% | 3 bed Apartment | |
| 1203/39 Park Street | $1,700,000 | $1,600,000 | -5.9% | 3 bed Apartment | |
| 1706/89 Gladstone Street | $540,000 | $510,000 | -5.6% | 2 bed Apartment | |
| 801/41 Bank Street | $770,000 | $730,000 | -5.2% | 2 bed Apartment | |
| 1007/39 Park Street | $680,000 | $645,000 | -5.1% | 2 bed Apartment | |
| 1114/338 Kings Way | $520,000 | $495,000 | -4.8% | 2 bed Apartment | |
| 703/51 Thistlethwaite Street | $1,045,000 | $995,000 | -4.8% | 3 bed Apartment | |
| 511/37-39 Park Street | $630,000 | $600,000 | -4.8% | 2 bed Apartment | |
| 402/148 Wells Street | $470,000 | $448,000 | -4.7% | 1 bed Apartment | |
| 402/148-150 Wells Street | $470,000 | $448,000 | -4.7% | 1 bed Apartment | |
| 302/297 Clarendon Street | $440,000 | $420,000 | -4.5% | 1 bed Apartment | |
| 801/159-161 Eastern Road | $2,880,000 | $2,750,000 | -4.5% | 3 bed Apartment | |
| 1107/39 Park Street | $678,000 | $648,000 | -4.4% | 2 bed Apartment | |
| 701/2-14 Albert Road | $730,000 | $699,000 | -4.2% | 2 bed Apartment | |
| 106 Tope Street | $1,850,000 | $1,775,000 | -4.1% | 3 bed House | |
| 1809/259 Normanby Road | $520,000 | $500,000 | -3.8% | 1 bed Apartment | |
| 309/69-71 STEAD STREET | $400,000 | $385,000 | -3.8% | 1 bed Apartment | |
| 901/22 Kings Place | $1,400,000 | $1,350,000 | -3.6% | 2 bed Apartment | |
| 58/63 Dorcas Street | $890,000 | $860,000 | -3.4% | 3 bed Apartment | |
| 2/63 Dorcas Street | $700,000 | $679,000 | -3.0% | 2 bed Apartment | |
| 2110/50 Albert Road | $850,000 | $825,000 | -2.9% | 2 bed Apartment |
Suburb profile
South Melbourne market data
Median prices, rents, growth and vacancy for South Melbourne.
Sold prices
Recent sales in South 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 South Melbourne: common questions
How many properties in South Melbourne have had a price drop?
39 listings for sale in South Melbourne VIC 3205 are currently advertised below an earlier asking price, 38% of the 103 listings on the market. 28 of those cuts were recorded in the last 30 days and 33 in the last 90.
How much are South Melbourne sellers cutting their prices by?
The median cut is 4.5%, or $30K, measured from the previous advertised asking price to the current one on each listing.
How long are South Melbourne listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 39 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.