Docklands
Suburb profile, market snapshot and recent listings for Docklands, VIC 3008.
About Docklands
Welcome to Docklands
Docklands sits right on the edge of the Melbourne CBD, a waterfront precinct built largely on reclaimed port land along the Yarra River. It's one of the city's newest neighbourhoods, and it looks the part — glass towers, marinas and public art sit where shipping docks once stood, just a short walk from Southern Cross Station and the Southbank and West Melbourne districts.
With a population of 15,495 and a median age of just 32, Docklands has become a magnet for young professionals, students and downsizers drawn to apartment living with the city on the doorstep. It's a suburb built for people who want low-maintenance, high-convenience urban life rather than a garden and a garage.
Lifestyle & dining
Life in Docklands revolves around the water. The precinct's promenades along Victoria Harbour and New Quay are lined with restaurants, bars and cafes that fill up on weekend afternoons, and the area hosts regular markets, fireworks and events through the warmer months. Marvel Stadium anchors the eastern end of the suburb, drawing crowds for AFL, cricket and concerts, while the giant Melbourne Star observation wheel remains a familiar landmark on the skyline.
Because it borders Southbank and the CBD, residents can walk into Melbourne's broader restaurant and laneway bar scene in minutes, while still having a quieter, marina-side spot to come home to.
Shopping
Docklands has its own retail strip catering to daily needs, with supermarkets, specialty stores and cafes scattered through the harbourside developments. For bigger shopping trips, the DFO South Wharf outlet centre is right next door, and the full range of Melbourne CBD department stores, boutiques and the Queen Victoria Market are all within easy reach across the river.
Getting around
Transport is one of Docklands' strongest cards. Southern Cross Station, on the suburb's doorstep, connects to regional and metropolitan trains, V/Line services and airport buses, while free tram routes loop through the precinct and on into the CBD, Southbank and beyond. Docklands is also well set up for walking and cycling, with flat, well-lit paths along the harbour linking through to Port Melbourne and North Melbourne.
For drivers, the CityLink freeway has direct access points near the suburb, making runs to the airport or out to the inner west and south straightforward without needing to cut through city streets.
Schools & families
Docklands is best known as a lifestyle and investment address rather than a traditional family suburb, reflected in its young median age of 32. That said, Docklands Primary School serves local families directly within the precinct, and there's a growing cohort of parents raising young children in apartment life, taking advantage of nearby parks and the walkable, car-light streets.
Parks & recreation
Green and open space has been deliberately built into the Docklands masterplan. Waterfront promenades, harbour-front lawns and pocket parks give residents room to walk, run or sit by the water, while Marvel Stadium and the Docklands Community Hub provide indoor recreation and community programming. Port Melbourne's beaches and the Yarra River's running and cycling paths are also close by for those wanting more traditional outdoor options.
The property market
Unsurprisingly for a suburb built almost entirely on high-density development, apartments and units dominate the Docklands housing stock, making up around 95% of current listings, with houses and townhouses each accounting for a small fraction of the remainder. The median unit price sits at $626,000, positioning Docklands as an accessible entry point into inner-Melbourne living compared with more established, house-dominated pockets nearby such as West Melbourne or Port Melbourne.
Buyers and renters alike are typically drawn by the combination of CBD proximity, water views and building amenities like pools and gyms, which continue to underpin steady demand from investors, downsizers and professionals wanting to be close to work and the city's entertainment precincts.
Market snapshot
Docklands property market
Median sale price
$626k
Unit · 2 bed
Median rent
$788
per week
Gross rental yield
6.5%
annual rent ÷ sale price
Typical price range
Entry
$425k
Median
$626k
Premium
$1.15m
Days on market
46
Auction clearance
0%
Sold this year
343
Median sold price trend · Unit 2 bed
Compound growth -0.7% / yr over 4 yrs
Median price by bedrooms · Unit
Property types on market
Share of current listings in Docklands by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Docklands, VIC 3008.
Population
15,495
residents (2021)
Median age
32
years
Household income
$1,957
median, per week
Median rent
$411
per week
Median mortgage
$2,000
per month
Mortgage / income
24%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Docklands
Government school catchment
Recent results
Recently sold in Docklands
$420k
403/915 Collins Street
Sold ~July 2026
$401k
102/3 Aquitania Way
Sold ~July 2026
$850k
303/9 Waterside Place
Sold ~July 2026
$530k
3 Doepel Way
Sold ~July 2026
$568k
1105/55 Merchant Street
Sold ~July 2026
$430k
2107/628 Flinders Street
Sold ~July 2026
$760k
603/103 South Wharf Drive
Sold ~July 2026
$1.38m
91 South Wharf Drive
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Docklands
Compare the area
Price map around Docklands
Every listing for sale near Docklands, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
Loading price map…
Common questions
Docklands suburb FAQ
What is the median property price in Docklands?
The median unit price in Docklands, VIC is $626k for a 2-bedroom home. Over the past year, median sold prices have fallen about 4.4%.
How much is rent in Docklands?
The median weekly rent in Docklands is around $788 per week.
Is Docklands a good place to live?
Docklands is an inner-city suburb in Melbourne, Victoria, Australia, on the western end of the central business district. Docklands is an established residential suburb in VIC, with a population of around 15,495 and 1 school in the area.
What is the population of Docklands?
Docklands has a population of 15,495 (ABS 2021 Census), with a median age of 32.
What schools are in Docklands?
There is 1 school in or near Docklands, including Docklands Primary School.
How long do homes take to sell in Docklands?
Properties in Docklands take around 46 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Docklands?
Entry-level properties in Docklands start around $425k, while premium homes reach $1.15m.
What suburbs are near Docklands?
Suburbs near Docklands include South Wharf, West Melbourne, Southbank, Port Melbourne and North Melbourne.
Fresh to market
New this week in Docklands
Absolute Waterfront Living with Marina Views
103 SQM (APPROX.) OF IMMACULATE WATERFRONT LIVING
Elevated Marina Living in the Heart of Yarra's Edge
Available now