Stop paying
South Yarra’s wrong
manager.
South Yarra landlords lose an average of $4,100+ a year without realising it. Not bad luck. Not a bad market. The wrong property manager.
What your current setup could be costing you
South Yarra-calibratedSelf-managing isn't the only way to lose money on a rental. An agency that isn't reviewing your rent, marketing a vacancy properly or chasing arrears can cost just as much. This estimates the gap between your property's current performance and what South Yarra's market conditions actually support.
Illustrative estimate from the figures you enter above, not a guarantee. Assumes 52 weeks/year.
South Yarra market benchmarks
Cited, dated data| Measure | South Yarra | Source |
|---|---|---|
| Median rent, unit | $696/wk | SQM Research Weekly Rents Index, week ending 20 Aug 2026 |
| Median rent, house | $1003/wk | SQM Research Weekly Rents Index, week ending 20 Aug 2026 |
| Median sale price, unit | $669,500 | REIV Market Insights, current quarter (accessed Aug 2026) |
| Median sale price, house | $2.50m | REIV Market Insights, current quarter (accessed Aug 2026) |
| Gross rental yield, unit | 5.4% | AgentSelector calculation(rent × 52) ÷ price, from the rows above |
Suburb outlook
Market snapshotWe haven't published a full Landlord Index score for South Yarra yet. A reliable score needs a suburb-level vacancy rate, and South Yarra's isn't available through a free public source right now (SQM Research's suburb-level chart requires a paid data view) — so rather than estimate one, here's what the public rent and price data does tell us.
| Measure | Figure | Source |
|---|---|---|
| Median rent, unit | $696/wk | SQM Research Weekly Rents Index, week ending 20 Aug 2026 |
| Median rent, house | $1003/wk | SQM Research Weekly Rents Index, week ending 20 Aug 2026 |
| Median price, unit | $669,500 | REIV Market Insights, current quarter (accessed Aug 2026) |
| Gross rental yield, unit | 5.4% | AgentSelector calc.(rent × 52) ÷ price |
This suburb gets a full Landlord Index score (like Richmond and Sandringham) once a public vacancy-rate figure is confirmed for it, or once HTAG Analytics access is live — whichever comes first.
What's happening in the South Yarra market
Updated quarterlySouth Yarra vs. nearby suburbs
Comparison framing| Suburb | Median rent (unit) | Median price (unit) |
|---|---|---|
| South Yarra | $696/wk | — |
| Toorak | $859/wk | — |
| Prahran | $626/wk | — |
| Armadale | $733/wk | — |
Frequently asked
FAQPage schema on publishWhat's the average property management fee in South Yarra?
Property management fees in Melbourne suburbs like South Yarra typically sit in a defined range of the weekly rent, plus a separate letting fee charged when a new tenant is placed. Exact fees vary by agency and by the level of service included.
What's the current vacancy rate in South Yarra?
A suburb-level vacancy rate for South Yarra isn't currently published through a free public source. We'll add it as soon as one becomes available, or once our HTAG Analytics integration is confirmed.
What's the median rent for a unit in South Yarra?
$696 per week, according to SQM Research Weekly Rents Index, week ending 20 Aug 2026. Source: SQM Research Weekly Rents Index
Methodology & sources
See what a property manager would actually change here
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A suburb-level vacancy rate for South Yarra isn't available from a free public source right now. Median unit rent currently sits at $696/wk, with houses at $1003/wk (SQM Research Weekly Rents Index, week ending 20 Aug 2026), against a median unit sale price of $669,500, putting the gross rental yield at 5.4%.
Without a confirmed vacancy figure, the safest read is the yield: a rental returning close to or above the Melbourne unit benchmark suggests healthy underlying demand, but getting the basics wrong (slow listing, above-market asking rent) still costs more the tighter the true market is. South Yarra's rental stock is heavily unit/apartment-dominated around Chapel Street, the Yarra riverside and the Sandringham line stations, making it primarily an apartment-turnover market rather than a house market.