East Melbourne VIC 3002
East Melbourne is in Melbourne LGA, VIC, postcode 3002, with population 4,896.
Strong evidence
East Melbourne has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Hospitals. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 42% of annual income. Income and rent use area-level data, so household-level affordability can differ.
Open matching rent ranking →3,563 latest-year approvals in Melbourne, +0.0% YoY; population +3.7% YoY (2.7% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 42% of annual income. Snapshot rent $650/wk.
Income and rent use area-level data, so household-level affordability can differ.
East Melbourne has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Hospitals. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Hospitals
No fallback or lower-precision signals flagged.
Schools
East Melbourne currently reads as a growth-momentum candidate.
Population movement supports a growth-led read. Transport coverage adds a practical access signal. Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
Compare it against a contrasting suburb before turning it into a decision.
Population movement supports a growth-led read. Transport coverage adds a practical access signal. Higher SEIFA context supports a stronger local-quality read.
Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
Schools
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
East Melbourne VIC
East Melbourne is a smaller suburb in Victoria within the Melbourne local government area (postcode 3002). With a population of 4,896, the suburb has an established demographic with a median age of 42. Households earn a median income of $122K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in East Melbourne is $3.4 million, having grown strongly 7.5% over the past year. Units have a median price of $725,000 (+10.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,383.
Public transport access includes 7 rail stations, 28 bus stops. Healthcare facilities include 2 public and 5 private hospitals. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, East Melbourne offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($3.4M/$875K), placing it in the premium segment. The price-to-income ratio of 27.6x is considered stretched. House prices have moved +7.5% year-on-year. Population growth of +3.7% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
East Melbourne is a smaller suburb in Victoria within the Melbourne local government area (postcode 3002). With a population of 4,896, the suburb has an established demographic with a median age of 42. Households earn a median income of $122K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in East Melbourne is $3.4 million, having grown strongly 7.5% over the past year. Units have a median price of $725,000 (+10.3% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,383.
Public transport access includes 7 rail stations, 28 bus stops. Healthcare facilities include 2 public and 5 private hospitals. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, East Melbourne offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($3.4M/$875K), placing it in the premium segment. The price-to-income ratio of 27.6x is considered stretched. House prices have moved +7.5% year-on-year. Population growth of +3.7% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
East Melbourne FAQ
Common questions-
What LGA is East Melbourne in?
East Melbourne is in the Melbourne Local Government Area, VIC, postcode 3002. Council-level context for Melbourne LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in East Melbourne?
The current median house price in East Melbourne, VIC is $3.4M, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in East Melbourne?
The median weekly rent in East Melbourne is $650/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about East Melbourne?
Income-stretched rent market: Weekly rent screens at about 42% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is East Melbourne a good investment?
QuickProperty's investment signals for East Melbourne show: Low Yield, Above Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for East Melbourne?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the East Melbourne data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.