Property price trends
These median prices may indicate the common property values in this area and how they have changed over the last 4 years. Source: Cotality
$1,564,348
House median sale price
27% Decline
L
ast 12 months
$434,019
Unit median sale price
1% 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 4 years. Source: Cotality
Market activity
A snapshot of how quickly properties are selling in the area and how many are currently available.
N/A
House median days on market
38 Days
Unit median days on market
1,227 Properties
Sold in last 12 months
677 Properties
Available in the last month
Suburb snapshot
Last month Melbourne had 677 properties on sale, with 1,227 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $1,564,348, which has decreased by 27%. The median sale price for units has been around $434,019 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 Melbourne is around $700 and has increased by 8% over the past 12 months. Meanwhile, the median weekly rent for a unit is around $680 and has increased by 5%.
There are around 43,065 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 clerical and administrative workers, community and personal service workers, and labourers. Melbourne also has a number of primary and secondary schools nearby, including Eltham College - Lonsdale Street Campus (primary) and Eltham College - Lonsdale Street Campus (secondary).
What's on the market
See what type, size and style of properties are on sale in the area.
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.
19-30
31-40
41-50
51-60
60+
Under 18
Household profiles
This may indicate likelihood of noise, activity or community events based on who lives here. The most common profile is other.
Couples
Families
Lone Parents
Other
Singles
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.
Eltham College - Lonsdale Street Campus
K - Yr 12
Melbourne Grammar School
K - Yr 12
Independent
Melbourne Grammar School - Wadhurst Campus
K - Yr 12
Wesley College
K - Yr 12
Independent
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Helpful links
Explore properties for sale in Melbourne, helpful guides and tools to help you plan your next move.