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Suburb Insights ยท VIC 3006

South Wharf 3006, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

South Wharf is an inner-city suburb of Melbourne, Australia, with a population of approximately 71, making it a boutique locality. Located 2 km from the Melbourne CBD, South Wharf is a inner city area in Victoria. The median household income is $149,448 AUD per year (ABS 2021 Census).

Investment Score

83 / 100 Strong

Above-average earnings in South Wharf support sustained property values. Its proximity to the CBD adds a strong location premium.

Location

Map shows South Wharf, Victoria, Australia.

Key Indicators

Postcode
3006

Official Australia Post postcode for South Wharf. A postcode may cover multiple suburbs.

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Population
71

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

ABS Census Data โ†’
Median Rent (weekly)
$622/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
$149,448/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
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,167/mo

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

ABS Census Data โ†’
Dwelling Type
N/A

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, South Wharf 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 $622/week (ABS 2021) indicates a premium rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $149,448/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

Solid fundamentals in South Wharf support capital growth over a medium to long hold period.

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Rental Yield

Rental returns in South Wharf are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

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

Risk Factors

Run the numbers on a South Wharf property

Full Property Analysis

30-year projections for South Wharf

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

The outlook for capital growth in South Wharf is encouraging heading into 2026, driven by constrained supply and buyer competition. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. Overall, investor sentiment toward South Wharf is positive, backed by solid fundamentals.

Frequently Asked Questions

Is South Wharf a good suburb for investment?

South Wharf is a inner city area in Victoria with a population of 71. The median rent is $622/week and the median household income is $149,448/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 South Wharf?

Key demand drivers in South Wharf include employment proximity and urban lifestyle. The area has approximately 1 schools and 1 parks nearby.

What is the population of South Wharf?

According to the ABS 2021 Census, South Wharf has a population of approximately 71. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is South Wharf from the Melbourne CBD?

South Wharf 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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