South Melbourne Real Estate

South MelbourneSouth Melbourne is a leafy residential suburb located close to the city. The central shopping strip along Clarendon St with its restaurants, cafes and pubs attracts many visitors, and makes the suburb a popular place to live for many young professionals and families. In recent years, South Melbourne has seen the development of many high-rise apartment buildings, making it an appealing option for renters and buyers.

Population

The predominant age group in South Melbourne is 30-39 years, and the population is now 10,481. New apartment developments from nearby Southbank and the Melbourne CBD has spilled over into South Melbourne in recent years, and have led to an increase in population density in the area. Over half of South Melbourne residents are renters who live in either apartment complexes, terraced or semi-detached Victorian housing.

Location and transport

Approximately 2 square kilometres in size, South Melbourne borders Albert Park to the south and has several main arterials to the CBD to its east and north. Accessibility is mainly via several tramlines and the St Kilda light rail line, as well as Kings Way, Albert Road and the West Gate Freeway.

Lifestyle

South Melbourne is one of the oldest neighbourhoods in Melbourne, and many of its residential areas date back to the Victorian era. It also contains a number of high-rise offices, industrial locations and warehouses, as well as 6 small gardens.
The main commercial district is centred on Clarendon Street and side streets including an area around the South Melbourne market with many retailers, cafes, eateries and art galleries.

South Melbourne is the home of some film and television production studios as well as many advertising agencies, and thus attracts many young professionals who work in these industries. Other notable buildings and associations of the area include the South Melbourne Town Hall, South Melbourne Soccer Ground and the Victorian Tapestry Workshop.