Melbourne CBD 3000

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Planning to live or buy a property in Melbourne CBD? 

If you are planning to buy your first home, relocate or buy an investment property in Melbourne CBD and surrounding areas, here’s everything you need to know about the neighbourhood and how the property market is performing. 

 

About Melbourne CBD

Melbourne’s Central Business District (Melbourne CBD) is the bustling heart of the City of Melbourne, packed with the highest concentration of businesses and residents within the municipality. It’s a dynamic area where retail stores, financial, legal, and administrative offices, restaurants, sport and entertainment events, tourist attractions, and hotels converge, making it a one-stop destination for a wide range of services.

The CBD is known for its mix of grungy laneways, trendy coffee shops, new restaurants, and hidden bars and clubs, offering endless options for entertainment and nightlife.

The area is also surrounded by stunning parks, including the Royal Botanic Gardens, Fitzroy Gardens, and Carlton Gardens. Iconic spots like the Queen Victoria Market provide fresh produce, while the nearby beach and Docklands Marina offer a serene escape from the city’s fast pace. The convenience of free tram travel within the CBD makes getting around simple and stress-free.

With easy access to universities, corporate offices, the airport, and an extensive public transport network, purchasing property in the CBD is an attractive investment. It’s particularly appealing for students and professionals who want everything at their doorstep.

 

Property market in Melbourne CBD

• Over the last year, the median unit price in Melbourne CBD is $577,300 for units. 
• If you are looking for an investment property, consider houses in Melbourne CBD rent out for $670 PW with an annual rental yield of 2.9% and units rent for $640 PW with a rental yield of 6.9%. 
• Melbourne CBD has seen an annual compound growth rate of 6.9% for units*.

You can find the latest data on Melbourne CBD’s properties here. 

_{*Data from realestate.com.au updated in November 2024.}

 

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