Beta

Melbourne

  • There are around 43,065 residents living in Melbourne
  • Most residents are other, with 49% aged 19-30 years old
  • Majority of homes are apartments lived in by renters
Melbourne Area Boundary Map

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: CoreLogic

$1,815,822

House median sale price

28% Decline

L

ast 12 months

$434,119

Unit median sale price

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 4 years. Source: CoreLogic

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

39 Days

Unit median days on market

1,240 Properties

Sold in last 12 months

620 Properties

Available in the last month

Suburb snapshot

Last month Melbourne had 620 properties on sale, with 1,240 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $1,815,822, which has decreased by 28%. The median sale price for units has been around $434,119 and has decreased by 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 $773 and has increased by 19% over the past 12 months. Meanwhile, the median weekly rent for a unit is around $670 and has increased by 3%.

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).

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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.

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

Professionals

2

Community and Personal Service Workers

3

Managers

4

Clerical and Administrative Workers

5

Technicians and Trades Workers
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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

Get a wider view

Widen your research to learn about the council or state that Melbourne belongs to.

Melbourne

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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Helpful links

Explore properties for sale in Melbourne, helpful guides and tools to help you plan your next move.