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ABS 2021 Census · Updated 21 May 2026
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 per year.
Above-average earnings in South Wharf support sustained property values. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for South Wharf. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near South Wharf on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
South Wharf is a smaller community of 71 — about 1% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $149,448/year runs 57% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median weekly rent of $622 equates to $2,695/month — about 124% of the median mortgage repayment of $2,167/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. At 2 km from the Melbourne CBD, South Wharf sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks.
How South Wharf stacks up against the median of all Victoria suburbs in our dataset. Positive values mean South Wharf sits above the state median; negative means below.
| Metric | South Wharf | VIC median | Δ vs state |
|---|---|---|---|
| Population | 71 | 7,416 | -99% |
| Median household income | $149,448/yr | $95,160/yr | +57% |
| Median rent (weekly) | $622 | $380 | +64% |
| Median mortgage (monthly) | $2,167 | $1,950 | +11% |
| Distance to CBD | 2 km | 32 km | -94% |
Pre-inspection briefing for South Wharf — every item is derived from public datasets, with full citations in our data sources page.
Strong buy-and-hold fundamentals: household incomes run 57% above the Victoria suburb median ($149,448 vs $95,160), and the 2 km CBD distance keeps this suburb in the primary demand zone. In Victoria, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.
Strong rental coverage: $622/week (~$2,695/month) covers 124% of the $2,167/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.
With a population of 71, the resale market in South Wharf may not reliably reward cosmetic renovations — a longer hold is typically a better strategy at this scale, letting land-value appreciation do the work instead.
Run the numbers on a South Wharf property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →South Wharf enters 2026 with a demographic tailwind — household incomes 57% above the Victoria suburb median of $95,160 and a population of 71 give it the depth and purchasing power to outperform the wider VIC market over the next 12–18 months. Rental coverage runs at ~124% of the typical mortgage ($2,695/month rent vs $2,167/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 83/100 places South Wharf in the top tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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South Wharf scores 83/100 on our EquitySight investment framework — a strong rating. That score is driven by a population of 71, median household income of $149,448/year and median weekly rent of $622. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in South Wharf are proximity to Melbourne (2 km), an above-state-median household income of $149,448/year, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
South Wharf has a usual resident population of approximately 71, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
South Wharf sits 2 km straight-line from the Melbourne CBD. This is inner-ring territory — pricing competes directly with established Melbourne employment nodes.
The most recent census recorded a median weekly rent of $622 in South Wharf, equating to approximately $32,344/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in South Wharf is $2,167, or approximately $26,004/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $622 works out to $2,695/month, covering 124% of the median mortgage repayment of $2,167/month. That means rent exceeds the median repayment by roughly $528/month, so on these numbers South Wharf leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (71 residents), interest-rate sensitivity on the $2,167 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.