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Victoria

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Victoria

  • There are around 6,502,955 living in Victoria
  • Most residents are families, with 22% aged under 18 years old
  • Majority of homes are detached houses lived in by mortgaged owners

Property price trends

These median prices may indicate the common property values in this area and how they have changed over the last 5 years. Source: CoreLogic

$806,167

House median sale price

2.8% Decline

L

ast 12 months

$592,100

Unit median sale price

1% Decline

L

ast 12 months

Market activity

A snapshot of how quickly properties are selling in the area and how many are currently available.

40 Days

House median days on market

40 Days

Unit median days on market

120,486 Properties

Sold in last 12 months

49,221 Properties

Available in the last month

State snapshot

There are around 6,502,955 people living in Victoria, most residents are families, predominantly living in detached houses. The most common occupations for locals are managers, professionals, and Technicians and Trades Workers, and the average income band for majority of residents sits between $35k - $78k.

Last month Victoria had 49,221 properties on sale, with 120,486 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $806,167, which has decreased by 2.8%. The median sale price for units has been around $592,100 and has decreased by 1%. If you are looking to rent or are interested in purchasing an investment property, the median weekly rent for a house in Victoria is around $550 and has increased by 11.1% over the past 12 months. Meanwhile, the median weekly rent for a unit is around $540 and has increased by 12.5%.

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Victoria residents

Key characteristics of the residents in the area, open the breakdown to see more detail for each category.

Under 18

Is the most common age range

Mortgaged Owners

Most common occupant type

Families

Most common household profile

Managers

Most common occupation

Detached Houses

Most common property type

Explore areas in Victoria

Discover council areas in the state of Victoria

Alpine Council

(38 suburbs)

Median House: 845k

Median Unit: 529k

Ararat Council

(37 suburbs)

Median House: 350k

Median Unit: 310k

Ballarat Council

(56 suburbs)

Median House: 574k

Median Unit: 358k

Banyule Council

(18 suburbs)

Median House: 1.1m

Median Unit: 766k

Bass Coast Council

(45 suburbs)

Median House: 727k

Median Unit: 510k

Baw Baw Council

(83 suburbs)

Median House: 659k

Median Unit: 422k

Learn about Victoria

Articles to help you understand key information about buying a home in the state.