October 2026 data · Stonnington · VIC
South Yarra house prices: median price and growth
- Median house
- $2.02m ▼ −8.0% in 12 months
- Median unit
- $530k ▼ −7.8% in 12 months
The median house price in South Yarra is $2.02m (October 2026), down 8.0% over 12 months. Units have a median of $530k, down 7.8% over 12 months. That puts South Yarra above the typical Inner Melbourne suburb ($1.63m) and number 5 of the 14 suburbs around it.
Median house price
- $2.25M+
- $2M–$2.25M
- $1.75M–$2M
- $1.5M–$1.75M
- $1.25M–$1.5M
- $1M–$1.25M
- $750K–$1M
- $500K–$750K
- <$500K
South Yarra price changes
| Type | Median | 3 mo | 6 mo | 12 mo |
|---|---|---|---|---|
| House | $2.02m | ▲ +1.8% | ▼ −2.2% | ▼ −8.0% |
| Unit | $530k | ▼ −1.9% | ▼ −7.0% | ▼ −7.8% |
Changes compare the median with three, six and twelve months earlier. A dash means too few sales for a reliable figure. How these figures are worked out.
South Yarra compared with nearby suburbs
Suburbs within about 1 km of South Yarra, dearest house median first. Select a column heading to sort.
| House | Unit | |||||||
|---|---|---|---|---|---|---|---|---|
| Toorak | $4.75m | ▲ +1.6% | ▼ −2.3% | ▼ −20.8% | $915k | ▼ −3.7% | ▼ −3.2% | ▼ −7.6% |
| East Melbourne | $2.95m | ▲ +0.1% | ▼ −3.2% | ▲ +0.1% | $703k | ▼ −2.7% | ▲ +1.5% | ▼ −3.7% |
| Armadale | $2.45m | ▲ +5.0% | ▲ +5.4% | ▼ −3.9% | $675k | 0.0% | ▲ +1.5% | ▼ −3.2% |
| Albert Park | $2.37m | ▼ −4.1% | ▼ −0.8% | ▼ −3.2% | $934k | 0.0% | ▲ +13.2% | ▲ +33.4% |
| South Yarra | $2.02m | ▲ +1.8% | ▼ −2.2% | ▼ −8.0% | $530k | ▼ −1.9% | ▼ −7.0% | ▼ −7.8% |
| South Melbourne | $1.65m | ▲ +7.6% | ▼ −2.3% | ▲ +12.7% | $605k | ▼ −1.4% | ▲ +1.0% | ▲ +0.8% |
| Prahran | $1.63m | ▲ +1.1% | ▲ +1.6% | ▼ −3.9% | $475k | ▲ +0.6% | ▼ −5.0% | ▼ −6.9% |
| St Kilda | $1.59m | ▲ +4.5% | ▼ −4.0% | ▼ −0.4% | $518k | ▲ +0.6% | ▲ +2.6% | ▲ +1.6% |
| Windsor | $1.54m | ▲ +10.8% | ▲ +9.8% | ▲ +10.0% | $550k | ▲ +3.8% | ▲ +0.9% | ▲ +4.4% |
| Burnley | $1.39m | ▲ +1.3% | ▼ −2.8% | ▲ +9.9% | $515k | ▼ −0.4% | ▼ −5.7% | ▼ −1.3% |
| Richmond | $1.34m | ▼ −0.4% | ▼ −2.0% | ▼ −2.9% | $549k | ▼ −3.5% | ▼ −2.0% | ▼ −3.7% |
| Cremorne | $1.33m | ▲ +10.8% | ▲ +7.7% | ▲ +7.9% | $620k | ▼ −0.2% | ▼ −7.5% | ▲ +2.1% |
| Southbank | $1000k | – | – | – | $540k | ▼ −0.9% | ▲ +0.9% | ▼ −2.7% |
| Melbourne | $550k | ▲ +14.7% | ▲ +25.9% | ▼ −56.4% | $460k | 0.0% | 0.0% | ▲ +0.9% |
Living in South Yarra
From the 2021 ABS Census: South Yarra against the Stonnington council area and VIC. Council and state percentages count all their residents; their medians are the middle suburb by population.
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| Figure | South Yarra | Stonnington (council) | VIC |
|---|---|---|---|
| People | |||
| Population | 25,028 | 99,756 | 6,503,500 |
| Median age | 33 | 38 | 39 |
| Families with children | 🔒 | 🔒 | 🔒 |
| Born overseas | 37.6% | 31.6% | 30.0% |
| Language other than English at home | 🔒 | 🔒 | 🔒 |
| Work and education | |||
| Median household income | $2,063/wk | $2,193/wk | $1,856/wk |
| Median personal income | 🔒 | 🔒 | 🔒 |
| Professionals and managers | 🔒 | 🔒 | 🔒 |
| Unemployment | 🔒 | 🔒 | 🔒 |
| Bachelor degree or higher | 🔒 | 🔒 | 🔒 |
| Completed Year 12 | 🔒 | 🔒 | 🔒 |
| Housing | |||
| Owned outright | 🔒 | 🔒 | 🔒 |
| Owned with a mortgage | 🔒 | 🔒 | 🔒 |
| Rented | 61.8% | 46.1% | 28.5% |
| Separate houses | 🔒 | 🔒 | 🔒 |
| Flats and apartments | 🔒 | 🔒 | 🔒 |
| Median weekly rent | 🔒 | 🔒 | 🔒 |
| Median mortgage repayment | 🔒 | 🔒 | 🔒 |
| Advantage | |||
| SEIFA advantage (IRSAD), Australian decile | 🔒 | 🔒 | 🔒 |
🔒 Age, occupation and ancestry breakdowns for South Yarra, its council and VIC
Source: ABS Census of Population and Housing 2021. More figures, maps and the 2016 Census are in Location Insights.
Common questions
What is the median house price in South Yarra?
The median house price in South Yarra was $2.02m in October 2026, down 8.0% on a year earlier. The typical Inner Melbourne suburb median was $1.63m.
What is the median unit price in South Yarra?
The median unit price in South Yarra was $530k in October 2026, down 7.8% over 12 months.
Is South Yarra more expensive than nearby suburbs?
Of the 13 neighbouring suburbs with a median house price, 4 are dearer than South Yarra and 9 are cheaper or the same.
Where does this data come from?
Prices come from REA sales data for October 2026, all bedroom counts, refreshed monthly. Medians cover sales over the past 12 months; changes are shown only where at least 10 homes of that type sold.