All About South Wharf, Melbourne, VIC, 3006

South Wharf, located in Melbourne, Victoria, is a vibrant and modern suburb that has seen significant development in recent years, particularly in its housing market. Known for its trendy mix of residential and commercial spaces, South Wharf offers a range of housing options primarily focused around upscale apartment living. The area has become particularly attractive to young professionals and couples, drawn to its proximity to the Melbourne CBD and the stylish amenities of the Docklands and Southbank precincts. With contemporary high-rise buildings dominating the landscape, many apartments boast stunning views of the Yarra River and the city skyline. While the housing market here tends to be on the pricier side, residents find value in the modern conveniences and lifestyle on offer, with easy access to public transport, shopping, dining, and entertainment hubs.

Living in South Wharf provides an energetic urban lifestyle infused with cultural and recreational activities. As a resident, one can enjoy the cosmopolitan atmosphere with its array of dining options, from casual eateries to fine dining restaurants along the riverside promenade. The suburb is also home to the Melbourne Convention and Exhibition Centre, making it a bustling hub of activity. South Wharf’s vibrant community is complemented by its open spaces and walking trails along the Yarra River, offering a balance to the fast-paced city life. Overall, living in South Wharf offers a unique combination of modern living with access to some of Melbourne’s best amenities, making it an attractive place for those who thrive in a dynamic urban environment.

South Wharf Real Estate Market Outlook

Thinking about buying in South Wharf? Now could not be a better time, with just 309 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,444,000 with prices in this suburb ranging from $1,444,000 to $1,444,000. South Wharf is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in South Wharf driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South Wharf ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in South Wharf classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in South Wharf requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!