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Suburb Insights ยท VIC 3002

East Melbourne 3002, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

East Melbourne is an inner-city suburb of Melbourne, Australia, with a population of approximately 4,896, making it a boutique locality. Located 2 km from the Melbourne CBD, East Melbourne is a inner city area in Victoria. The median household income is $121,940 AUD per year (ABS 2021 Census).

Investment Score

89 / 100 Strong

East Melbourne benefits from a high-income resident base, supporting premium property pricing. Its proximity to the CBD adds a strong location premium.

Location

Map shows East Melbourne, Victoria, Australia.

Key Indicators

Postcode
3002

Official Australia Post postcode for East Melbourne. A postcode may cover multiple suburbs.

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Population
4,896

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$480/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$121,940/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
2 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,383/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
2% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As an inner-city location, East Melbourne benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $480/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,383/month. A median household income of $121,940/year supports premium property values and indicates a well-employed resident base. With only 2% separate houses, East Melbourne has a significant apartment and unit market โ€” typical of inner-city investment corridors.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, East Melbourne is a natural candidate for patient investors.

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Rental Yield

Rental returns in East Melbourne are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

Renovation or flip strategies in East Melbourne face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a East Melbourne property

Full Property Analysis

30-year projections for East Melbourne

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

East Melbourne is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. East Melbourne remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is East Melbourne a good suburb for investment?

East Melbourne is a inner city area in Victoria with a population of 4,896. The median rent is $480/week and the median household income is $121,940/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in East Melbourne?

Key demand drivers in East Melbourne include employment proximity and urban lifestyle. 2% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of East Melbourne?

According to the ABS 2021 Census, East Melbourne has a population of approximately 4,896. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is East Melbourne from the Melbourne CBD?

East Melbourne is approximately 2 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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