South Yarra at a glance
Median house
$2,100,000
Median unit
$585,000
Walk score
100
Walker's paradise
Population
25.0k
Median age 33
The brief
What to know about South Yarra.
The postcode for South Yarra is 3141 (VIC), part of Greater Melbourne.
The median house price in South Yarra is $2,100,000.
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.
Side by side
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Day to day
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 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 4 government primary, 4 government secondary, 3 Catholic, 8 independent.
Who lives here
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.
Population
25,028
Median age
33
Family households
42%
Lone person
49%
Demographics data as of May 2026· ABS 2021 Census
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.
Market
The price of a home here.
Median house price
$2,100,000
+0.0% over the past year. Median unit price $585,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$620/wk
Weekly rent (unit)
$415/wk
Owner occupied
36%
Renter occupied
62%
At a deeper level
$2,100,000
$585,000
25,028
Median age: 33
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 1.54% (median rent $620/wk against a $2,100,000 price tag). Units yield 3.69% 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 (House)
Source: Land Victoria / DTP · May 20261.54%
Based on $2,100,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20263.69%
Based on $585,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202636%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
3,079
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in South Yarra.
Local schools for South Yarra
View the catchment for each school to find out more.
Government School Catchment
Melbourne High School
Centre for Higher Education Studies
South Yarra Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
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. The median unit price is $585,000.
- 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 $620, for units it's $415.
- 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, Domain Road Po, Cremorne, Hawksburn, Melbourne.
- What is the population of South Yarra?
- The population of South Yarra is approximately 25,028 (2021 Census). The median age is 33.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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