Skyline with the Shrine of Remembrance gardens
The quick read on
VIC 3000 · Melbourne
What homes cost, how rents have moved, and a feel for the people who call it home.
latest suburb median
Melbourne, Victoria
Median sale price and rental income of properties in Melbourne VIC
Market data updated September 2026.
Melbourne has a 12-month growth rate of -2.1% for units.
One-bedroom houses have a median sale price of $334,000, Two-bedroom houses have a median sale price of $530,000 in Melbourne.
The median price of apartments and units for sale in Melbourne is $470,000, which has decreased 2.1% since the same time last year. One-bedroom apartments and units have a median sale price of $354,000, Two-bedroom apartments and units have a median sale price of $546,000, Three-bedroom apartments and units have a median sale price of $1,000,000, Four-bedroom apartments and units have a median sale price of $2,440,000 in Melbourne. The median rent for units and apartments in Melbourne is $675 per week and has increased 3.8% over the last 12 months.
Three useful questions
There is not yet enough consistent market data for a dependable house median. The nearby suburb links make it easier to compare the wider market while local observations build.
Household and age data is limited here. Use the street list and neighbouring suburb profiles as a starting point, then check schools, transport and daily needs for the exact part of the suburb you are considering.
2-bedroom houses have a median around $530,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Open a free street report for local prices, rents and recorded sale history.
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.