South Yarra, VIC 3141
City of MelbourneGreater MelbourneAll suburbs in postcode 3141
Updated
Median house price
$2,100,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in South Yarra?
Get the free selling guide, personalised to South Yarra, or ask for a free appraisal from a local agent.
South Yarra at a glance
- Median unit
- $585,000
- Weekly rent
- $1,100
- Houses · units $700
- Population
- 25.0k
- Median age 33
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in South Yarra
Houses change hands at $2,100,000 on a typical sale, well above the Victoria median. Units come in around $585,000, roughly 72% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $420,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in South Yarra
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What to know about South Yarra
South Yarra (3141) sits in the Melbourne region of Victoria. The median house here is $2,100,000, well above the Victoria median of around $850K.
South Yarra has roughly 25,028 residents, with a young-family demographic. Households are renter-heavy. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
South Yarra scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 625 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 4 government primary, 4 government secondary, 3 Catholic, 8 independent.
Schools in South Yarra
Location
Walkability
- Walk
- 100/100
- Transit
- 100/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put South Yarra's population at 25,028, with a median age of 33. That sits as a young-family demographic. Households are renter-heavy (36% own, 62% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (49%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 42%
- Lone person
- 49%
- Owner occupied
- 36%
- Renter occupied
- 62%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 2.72% (median rent $1100/wk against a $2,100,000 price tag). Units yield 6.22% gross, often the better cash-flow play for first-time investors. With 62% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 2.72%
- On the $2,100,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 6.22%
- On the $585,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
2,651 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 625 mm
- Hottest month, avg max
- 26.6°C
- Coldest month, avg min
- 6.8°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about South Yarra
- What is the median house price in South Yarra?
- The median house price in South Yarra, VIC 3141 is $2,100,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $585,000.
- How much is my house worth in South Yarra?
- A useful starting point is the South Yarra median house price of $2,100,000 (units $585,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is South Yarra a good investment?
- On the published figures, the gross rental yield on houses in South Yarra is 2.7%: the median weekly house rent is $1,100 (Victorian rental report, September 2025) against the median house price of $2,100,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for South Yarra: the Land Victoria figures we hold do not measure one. Whether South Yarra is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the South Yarra postcode?
- South Yarra is in the 3141 postcode, in VIC, in the City of Melbourne region.
- Where is South Yarra?
- South Yarra is a suburb of Melbourne, in VIC 3141. It is part of the Greater Melbourne area, in the City of Melbourne region.
- What is the average rent in South Yarra?
- The median weekly rent for houses is $1100, for units it's $700.
- What schools are in South Yarra?
- There are 20 schools serving South Yarra on this page, including Melbourne High School, Melbourne Girls Grammar, Centre for Higher Education Studies.
- How walkable is South Yarra?
- South Yarra has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near South Yarra?
- South Yarra is close to Chapel Street North, Cremorne, Hawksburn, Melbourne, St Kilda Road Central.
- What is the population of South Yarra?
- The population of South Yarra is approximately 25,028 (2021 Census). The median age is 33.
Selling in South Yarra? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.