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The East Melbourne market

Median figures in a small, heritage constrained suburb move sharply with the mix of stock that happens to sell, so read them alongside the size splits below.

$677,500Median unit price
$680 per weekMedian unit rent
4.6%Gross rental yield
52.8%Households renting (Census)
East Melbourne market (illustrative image)Illustration

CoreLogic data published by Your Investment Property for the 12 months to April 2026 puts the East Melbourne median unit price at $677,500, with a median unit rent of $680 per week and a gross yield near 4.6 per cent. That median blends compact 1970s and 1980s stock with a small number of very expensive new residences.

Domain's suburb profile splits that picture by size, with a one bedroom median around $512,500, two bedrooms near $690,000 and three bedroom apartments above $2.4 million. The gap reflects a small pool of large parkside residences trading well above the everyday stock, so buyers should compare like with like rather than the headline median.

Households and incomes

$2,345Median weekly household income
1.8Average household size
$480Median weekly rent (Census 2021)
3,255Total dwellings
Sources: CoreLogic via Your Investment Property, 12 months to April 2026; Australian Bureau of Statistics, Census 2021 (20830). Market figures change monthly, verify before relying on them. This page is general information, not investment advice.

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