2. VIC
  3. Port Phillip

Houses Units

Here you can find what you need to know about Melbourne, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$535K Median Sale Price (National Average $485k) 603rd In VIC
$625pw Median Rent (National Average $395) 191st In VIC
6.1% Median Gross Yield (National Average 4.24%) 4th In VIC
Properties sold 25
Average discounting -4.77%
Average Days on Market 65
Stock on Market 16 for sale

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Property Prices in Melbourne


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Suburb Information

Melbourne, VIC 3004

Part of: Port Phillip Council No data available

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melbourne

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Melbourne   for Houses in last 12 months


There have been 25 Houses sold in Melbourne in the past 12 months with a median sale price of $535K, up 14.6% annually. It takes on average 33 days to sell with vendor discounting of -4.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Melbourne VIC, 3000 Unavailable $412,500 $620pw 7.8% View Suburb Profile
Melton VIC, 3337 1.64% $478,000 $400pw 4.3% View Suburb Profile
Richmond VIC, 3121 -5.30% $1,340,000 $750pw 2.9% View Suburb Profile
Hampton East VIC, 3188 -3.97% $1,392,500 $790pw 3.0% View Suburb Profile
Bulleen VIC, 3105 -6.32% $1,297,500 $650pw 2.6% View Suburb Profile
Melrose Park NSW, 2114 3.62% $2,350,000 $780pw 1.7% View Suburb Profile

Currency

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