South Yarra is an inner-city suburb in Melbourne, Victoria, Australia, 4 km south-east of Melbourne's Central Business District, located within the Cities of Melbourne and Stonnington local government areas. South Yarra recorded a population of 25,028 at the 2021 census. Punt Road divides the suburb between Stonnington and Melbourne. The main shopping region of South Yarra runs along Toorak Road and Chapel Street.