Melbourne
- There are around 54,924 residents living in Melbourne
- Most residents are other, with 49% aged 19-30 years old
- Majority of homes are apartments lived in by renters
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
$1,392,053
House median sale price
25% Decline
L
ast 12 months
$439,859
Unit median sale price
1.4% Decline
L
ast 12 months
Median price trend
This could show if the area is improving, suggesting future growth, or declining which may offer short-term buying opportunities.
Showing the trend for house prices over the last 5 years. Source: CoreLogic
Market activity
A snapshot of how quickly properties are selling in the area and how many are currently available.
44 Days
House median days on market
44 Days
Unit median days on market
1,014 Properties
Sold in last 12 months
716 Properties
Available in the last month
Suburb snapshot
Last month Melbourne had 716 properties on sale, with 1,014 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $1,392,053, which has decreased by 25%. The median sale price for units has been around $439,859 and has decreased by 1.4%. If you are looking to rent or are interested in purchasing an investment property, the median weekly rent for a house in Melbourne is around $580 and has increased by 0.9% over the past 12 months. Meanwhile, the median weekly rent for a unit is around $650 and has increased by 8.3%.
There are around 54,924 residents living in Melbourne. They are predominantly made up of other, living in apartments with the majority being renters. The most common occupations for locals are professionals, community and personal service workers, and managers. Melbourne also has a number of primary and secondary schools as well as universities nearby, including Wesley College (primary), Eltham College - Lonsdale Street Campus (secondary) and Central Queensland University.
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What's on the market
See what type, size and style of properties are on sale in the area.
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Melbourne residents
Key characteristics of the residents in the area, open the breakdown to see more detail for each category.
19-30
Is the most common age range
Renters
Most common occupant type
Other
Most common household profile
Professionals
Most common occupation
Apartments
Most common property type
Occupant status
This may indicate the likelihood of long term residence as owners are less likely to move. The most common are renters.
30,330
Total properties
Renters
(65%)
Mortgaged Owners
(12%)
Outright Owners
(12%)
Other
(10%)
Community Housing
(0%)
Property types
This may indicate the likelihood of you finding your ideal property type in the area. The most common are apartments.
43,341
Total properties
Apartments
(99%)
Other
(1%)
Townhouses
(0%)
Detached Houses
(0%)
Age ranges
This may indicate what stage of life these residents are at. The most common is 19-30.
Under 18
19-30
31-40
41-50
51-60
60+
Household profiles
This may indicate likelihood of noise, activity or community events based on who lives here. The most common profile is other.
Lone Parents
Couples
Families
Singles
Other
Individual yearly income
This may indicate the affluence of individuals in the area. The average income band is $35k - $78k per year.
40,909
individuals
$35k - $78k
(40%)
$0k - $34k
(30%)
$79k - $103k
(13%)
$104k - $182k
(12%)
$182k+
(5%)
Occupations
The top 5 occupations in Melbourne.
1
2
3
4
5
Nearby education
Schooling and educational options in the area, for all ages.
Wesley College
K - Yr 12
Independent
Eltham College - Lonsdale Street Campus
K - Yr 12
Melbourne Grammar School
K - Yr 12
Independent
Melbourne Grammar School - Wadhurst Campus
K - Yr 12
Get a wider view
Widen your research to learn about the council or state that Melbourne belongs to.
Melbourne Council
View the council data
Victoria
Get a view of the whole state
Explore surrounding suburbs
Learn about neighbouring suburbs to see if they are better suited to your budget or lifestyle.
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