Middle Park vs South Melbourne
South Melbourne (median $1,760,000) is roughly 25% cheaper to buy into than Middle Park ($2,352,500).
Buying in Middle Park or South Melbourne?
Selling in Middle Park? The free selling guide
Middle Park and South Melbourne side by side
| Measure | Middle Park | South Melbourne |
|---|---|---|
| Price and market | ||
| Median house | $2,352,500 | $1,760,000 |
| Median unit | $953,800 | $587,500 |
| Renting | ||
| House rent | $1150/wk | $950/wk |
| Unit rent | $643/wk | $700/wk |
| Owner occupied | – | 42.0% |
| Renter occupied | – | 55.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1120 | 1124 |
| Lifestyle and people | ||
| Walk score | 22 | – |
| Transit score | 90 | – |
| Bike score | 100 | – |
| Population | – | 11,548 |
| Median age | – | 39 |
| Climate | ||
| Annual rainfall | 578 mm | 578 mm |
| Mean max, January | 26.6°C | 26.6°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving South Melbourne (1124) sits above Middle Park (1120).
- For buyers
- South Melbourne is the lower entry point at $1,760,000 median, 25% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- South Melbourne offers the higher gross rental yield (2.81% vs 2.54%), favouring cash-flow investors.
- For families
- South Melbourne edges out on average school ICSEA (1124 vs 1120).
Middle Park vs South Melbourne: common questions
Is Middle Park or South Melbourne cheaper to buy in?
South Melbourne has the lower median house price at $1,760,000, roughly 25% below Middle Park ($2,352,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Middle Park or South Melbourne have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), South Melbourne scores 1124 vs 1120 in Middle Park. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Middle Park or South Melbourne?
Gross rental yield on houses is 2.81% in South Melbourne vs 2.54% in Middle Park. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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