South Yarra (VIC 3141): property prices & suburb profile

South Yarra property prices

The typical South Yarra house sold for around $2,059,000 in the year to 2025-Q4, +55.9% over 10 years and +22.2% over 5 years.

• Medians are published by the Victorian Valuer-General per suburb; we do not have individual sale records for this state, so there is no street-level breakdown on this page (our New South Wales pages have one).
• The headline figure is a sales-weighted average of the last four quarterly medians, not a median of individual sales, because one quiet quarter in a single suburb can move a quarterly median by more than the market did. The chart below plots each quarter as published.
• The Victorian Valuer-General yearly file currently ends at 2024; newer points on the chart and the short-horizon changes come from the quarterly file.
• Change over time reflects what sold in each period, not the value of any one home: a run of large or small homes moves it.
• Periods with fewer than 5 recorded sales are excluded.

South Yarra medians by quarter

The most recent quarter on record for South Yarra is 2025-Q4.

• Sale counts are shown so you can judge how solid each median is.

Who lives in South Yarra

South Yarra has a median age of 33 and a median household income of $2,063 a week.

• Figures labelled South Yarra are for the suburb boundary itself (ABS 2021 Census). Anything labelled SA2 or postcode covers a wider area: SA2 "South Yarra - North" and postcode 3141 both extend beyond South Yarra.
• SEIFA decile 1 is the lowest tenth of Australian areas on that index and 10 the highest. The four indices measure different things and often disagree, which is why all four are shown: a suburb can rank high on education and occupation while ranking mid on economic resources.

Schools in South Yarra

The 5 mainstream schools in South Yarra sit at the 99th percentile nationally on ACARA's socio-educational index.

• ICSEA is ACARA's socio-educational index (average 1000). It describes the family backgrounds of the students enrolled, NOT how well a school teaches: a lower ICSEA means a less advantaged intake, not a worse school.
• Percentiles are ACARA's own national ranking, so the Australia bar is a published figure rather than our arithmetic. Each area shows the median of the mainstream schools sitting inside it; special schools are listed in the table but excluded from the medians.
• Public school intake zones are not published in our dataset for this state, so confirm catchments with the school.

Suburbs near South Yarra

South Yarra's typical house price of $2,059,000 is the 7th highest of the 22 Melbourne Inner suburbs we cover.

• Albert Park 3206

  $2,309,000 typical house price

• Armadale 3143

  $2,643,000 typical house price

• Balaclava 3183

  $1,402,000 typical house price

• Carlton 3053

  $1,542,000 typical house price

• Collingwood 3066

  $1,321,000 typical house price

• Docklands 3008

  $573,000 typical unit price

• Elwood 3184

  $2,203,000 typical house price

• Fitzroy 3065

  $1,575,000 typical house price

All Melbourne Inner suburb research

South Yarra: common questions

How much does a house cost in South Yarra?

About $2,059,000 across the 12 months to 2025-Q4, from 124 recorded sales. That is a sales-weighted average of the four quarterly medians published by the Victorian Valuer-General: a single quarter in one suburb can swing on a handful of sales.

Have South Yarra prices gone up?

Prices have risen 55.9% over 10 years and moved +22.2% over 5 years, comparing the latest rolling year with the same window a decade earlier. These movements reflect the mix of homes sold, not the change in value of a specific property.

What do units cost in South Yarra?

The typical unit price was around $585,000 across the 12 months to 2025-Q4: a sales-weighted average of the quarterly unit medians, from 899 sales.

Can I see South Yarra prices street by street?

Not yet. VIC publishes suburb-level medians rather than individual sale records, so street-level medians are only available on our New South Wales pages.

Which schools are in South Yarra?

South Yarra has 6 ACARA-registered schools: Centre for Higher Education Studies, Christ Church Grammar School, Kamaruka, Melbourne Girls Grammar, Melbourne High School, South Yarra Primary School.