Chat with us, powered by LiveChat
Home Suburb Profiles Greater Melbourne City Of Melbourne Melbourne
City of Melbourne
Melbourne

Melbourne Property Market
& Suburb Profile

Powered by Proptrack

MEDIAN PRICES IN MELBOURNE

Median house price

(all agencies, last 12 months)$530k*

House price change

(all agencies, last 12 months)-22.06%

Median unit price

(all agencies, last 12 months)$431k*

Unit price change

(all agencies, last 12 months)-6.39%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

MELBOURNE PRICE TRACKER

HousesUnits

MELBOURNE SALES OVERVIEW

  • Sold by Auction 38%
  • Sold by Private Sale or Other Method 62%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)123

Average days on market (units)

(all agencies, 12 months)53

Auction clearance rate in Melbourne

(all agencies, last 12 months)42%

Average held period in Melbourne

(proptrack)15 years

MELBOURNE INVESTOR STATISTICS

Median rental price for Houses

(all agencies, last 12 months)$747pw

House rental price change

(all agencies, last 12 months)0.09%

Median rental price for Units

(all agencies, last 12 months)$678pw

Unit rental price change

(all agencies, last 12 months)0.04%

Average rental yield for Houses

(all agencies, last 12 months)2.68%

Average rental yield for Units

(all agencies, last 12 months)7.18%

Melbourne total population size

(as at the last census)54,941

Median household size in Melbourne

(as at the last census)1.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

MELBOURNE PROPERTY TYPES

  • Houses 1%
  • Units 66%
  • Other 33%

OCCUPANCY IN MELBOURNE

  • Owned 26%
  • Rented 71%
  • Other/Not Stated 3%
  • Singles 47%
  • Families 38%
  • Other 15%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

Request a free price evaluation from our experienced team

ABOUT MELBOURNE

Melbourne is the capital and most populous city in the state of Victoria, and the second most populated city in Australia.

Melbourne is rated highly in the areas of education, entertainment, healthcare, research and development, tourism and sports and is a leading financial centre in Australia.

It is located on the large natural bay of Port Phillip, with its City Centre situated at the northernmost point of the bay – near to the estuary of the Yarra River. The metropolitan area extends south from the City Centre, along the eastern and western shorelines of Port Phillip, and expands into the hinterlands – toward the Dandenong and Macedon mountain ranges, Mornington Peninsula and Yarra Valley.

The City Centre is located in the municipality known as the City of Melbourne.

Just because you live in the city centre doesn’t mean that you have to give up the luxury of having parks nearby. In fact, Melbourne has multiple parks scattered across its city centre. Clayton Reserve and Yarra Bend Park - both which allow for dogs to be off-leash. Clayton Reserve is securely fenced off so that you can relax while your dog socialises and runs free with other dogs. Yarra Bend Park, located near the CBD, is one of the largest multi-zoned parks in the city. This natural bushland has an open woodlands that can be explored so your walks with your dog will never become routine or boring.

Education

Hester Hornbrook Academy
Holmes Grammar School
MacRobertson Girls High School
Melbourne Grammar School
Ozford College
Stott's Colleges
Victorian College For The Deaf
Wesley College
Powered by Proptrack

SALES COMPARISON

Find out how Melbourne median sales prices compare to neighbouring suburbs.

MELBOURNE MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)		Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)		Rental Yield
20260-no change0$0pw%
20251924$480,297-22.06%8591$713pw4.93%
20241961$710,000-44.12%8256$678pw4.96%
20231736$1,088,00044.67%8475$658pw4.54%
20221449$835,000-45.95%8881$606pw4.38%
YearSoldMedian Sale Price
(All Residential)		Sales Growth YoY
20260-no change
20251924$480,297-22.06%
20241961$710,000-44.12%
20231736$1,088,000+44.67%
20221449$835,000-45.95%
YearLeasedMedian Rental Price
(All Residential)		Rental Yield
20260$0pw%
20258591$713pw4.93%
20248256$678pw4.96%
20238475$658pw4.54%
20228881$606pw4.38%

PROUDLY SERVICING MELBOURNE

BROWSE MORE SUBURBS

Southbank

East Melbourne

Collingwood

MELBOURNE QUICK LINKS

Residential Property

Apartments - for Sale - for Rent

Find Properties by Bedrooms

All bedrooms - for Sale - for Rent
1 bedroom - for Sale - for Rent
2 bedrooms - for Sale - for Rent

NEWS & INSIGHTS

Icing on the Cupcake

Is Your Property Storm-Ready? A Guide to Roof Care

Smart, Simple, Local: See Every Suburb in a New Light with Barry Plant

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.