The Victorian property market continues to evolve, with recent data pointing to steady price growth, stable demand, and varied conditions across the state.
For buyers and investors, understanding where activity is holding firm, and where opportunities may be emerging, is key.
Whether you're looking to enter the market or expand your portfolio, this guide walks you through the latest price trends, standout suburbs, and investment considerations across Victoria.
Quick summary
Victoria’s median house price sits at $836,917, reflecting moderate growth across the state.
Annual price growth is 2.21%, with steady conditions rather than sharp swings.
Median rent across Victoria is $550 per week, with rents up 3.77% over the past year.
Homes are selling in a median of 38 days, broadly in line with balanced market conditions.
Action tip: Use tools like Aussie’s Borrowing Power Calculator or speak to an Aussie Broker to plan your next move with confidence.
Source: Cotality
VIC property market at a glance (latest data)
Metric | Victoria |
Median house price | $836,917 |
Median rent | $550 per week |
Annual price growth | 2.21% |
Annual rent growth | 3.77% |
Median days on market | 38 days |
Total properties sold (12 months) | 89,434 |
Source: Cotality
VIC property market overview
After a period of adjustment, Victoria’s property market is showing signs of steadier conditions.
5 key trends in the VIC market:
Price growth across Victoria has remained modest, supporting more measured buyer activity.
Rental demand continues to place upward pressure on rents, particularly in established suburbs.
Days on market suggest a balanced environment rather than rushed competition.
Sales activity remains solid, with close to 90,000 properties changing hands over the past year.
Buyers are focusing on value, lifestyle, and long-term fundamentals rather than short-term gains.
Metro Melbourne remains popular due to proximity to jobs, education, and infrastructure, while regional towns like Shepparton North and Longlea are gaining interest from buyers priced out of city markets.
Supply vs. buyer demand
In inner suburbs like Red Hill South, Panton Hill, and Point Cook, competition is picking up, especially for units. Regional towns are benefiting from hybrid work trends and infrastructure investment.
Properties in Victoria are spending a median of 38 days on the market, indicating steady demand without the urgency seen in faster-moving states.
Masterplanned estates on the fringe of Melbourne (like Melton and Werribee) continue to offer value for families and first-home buyers.
Metro vs. regional: Where's the growth?
Market | Price profile | Lifestyle appeal |
Victoria (overall) | $836,917 median house price | Employment hubs, lifestyle diversity, long-term demand |
Source: Cotality
Regional buyers are leaning into affordability, space and lifestyle, while metro buyers are focused on access to city services, jobs and transport.
Tip: An Aussie Buyer’s Agent can help you compare areas and narrow your shortlist fast.
High-growth suburbs in VIC to watch
Here are the top-performing suburbs by recent price growth:
Suburb | 6-month growth | 1-year growth |
|---|---|---|
4.9% | N/A | |
2.8% | 5.6% | |
3.3% | 2.3% | |
2.6% | 3.3% | |
1.7% | 1.7% | |
4.9% | 2.0% | |
5.9% | -0.5% | |
4.8% | -0.9% | |
6.8% | -1.8% | |
9.3% | 11.1% |
Source: Cotality
“St Helena is a real drawcard for growing families. It’s got modern amenities, well-regarded schools, and a strong sense of community through its sporting clubs and family-friendly vibe.” - Whitlam Malkoun, Senior Mortgage Broker, Victoria
“Red Hill South is one of the most tightly held pockets in the Mornington Peninsula. It’s surrounded by some of Australia’s top wineries and has that peaceful hinterland feel. There’s a mix of acreage properties and luxury builds with panoramic views, all within 15 minutes of Port Phillip Bay and eight minutes to the surf.” - Paul Basso, Aussie Franchisee, Mornington
“Recent interest rate cuts have reignited buyer confidence across Melbourne’s west. Many first-home buyers are now taking advantage of stamp duty discounts and government schemes to avoid LMI, keen to get in before prices lift further.
There’s strong motivation in the market, especially in suburbs like Point Cook. Buyers are seeing long-term value and acting fast.” - Adrian Sbaraglia, Aussie Franchisee, Point Cook
These suburbs include both inner metro favourites and regional towns seeing new interest from investors and remote workers.
Top VIC suburbs for property investors
High-yield suburbs include:
Suburb | Rental yield | Rental growth |
|---|---|---|
4.6% | 4.2% | |
4.1% | 4.3% | |
4.2% | 4.0% | |
4.1% | 4.0% | |
4.1% | 4.4% |
Source: Cotality
“Campbellfield continues to offer great long-term potential. It's just 22km from the Melbourne CBD, 13km from the airport, and well-connected by multiple freeway and highway links, a strategic spot for both investors and upgraders.” - Whitlam Malkoun, Senior Mortgage Broker, Victoria
“Frankston North is still one of the most affordable beachside suburbs in Victoria, making it hugely popular with first-home buyers and investors. It’s five to seven minutes from the water, part of greater Frankston, and the perfect gateway to the Mornington Peninsula.” - Paul Basso, Aussie Franchisee, Mornington
Rental conditions remain competitive across many parts of Victoria, supporting income-focused investment strategies.
Tip: Use the Aussie App to track rental performance, property equity and loan health.
Home loan & financing considerations
With borrowing conditions continuing to evolve, understanding your borrowing power is crucial. The Aussie Borrowing Power Calculator and expert brokers can help you know what you can afford, and how to plan for repayments.
First-Home Buyer Support includes:
First Home Owner Grant for eligible new builds
Stamp duty concessions below key thresholds
Shared equity and co-buying options
Refinancing and equity opportunities
Own a home in VIC already? Now could be a good time to refinance. With softening property values in some suburbs, you may be able to release equity for your next purchase, renovation or investment.
Aussie’s tools like the Home Loan Health Check makes it simple to know where you stand.
Your next steps
Whether you're buying, upsizing or investing in Victoria, Aussie is here to help:
Compare over 4,000 home loans options
Access suburb-level insights and reports
Book a chat with an Aussie broker or buyer’s agent
The latest data highlights where demand is holding steady. With the right information and support, you can move forward with confidence.
