
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
$1,779,823
House median sale price
13% Decline
L
ast 12 months
$425,417
Unit median sale price
5% 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
43 Days
Unit median days on market
1,235 Properties
Sold in last 12 months
599 Properties
Available in the last month
Suburb snapshot
Last month Melbourne had 599 properties on sale, with 1,235 properties being sold in the past 12 months. The median property sale price over the last 12 months for houses has been $1,779,823, which has decreased by 13%. The median sale price for units has been around $425,417 and has decreased by 5%. 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 $705 and has increased by 9% 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).
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
Explore surrounding suburbs
Learn about neighbouring suburbs to see if they are better suited to your budget or lifestyle.
Median House: $2,484,142
Median Unit: $849,113
Median House: $1,698,173
Median Unit: $338,989
Median House: $1,369,755
Median Unit: $709,634
Median House: $2,858,472
Median Unit: $577,951
Median House: $3,405,966
Median Unit: $759,224
Median House: $1,361,461
Median Unit: $475,223
Median House: $2,089,049
Median Unit: $558,699
Median House: $1,643,895
Median Unit: $559,835
Median House: $1,482,050
Median Unit: $645,999
Median House: $1,717,463
Median Unit: $622,913
Median House: N/A
Median Unit: $1,240,831
Median House: $2,094,109
Median Unit: $589,837
Median House: $570,963
Median Unit: $540,125
Median House: $1,657,968
Median Unit: $535,260
Median House: $1,304,190
Median Unit: $506,572
Median House: $1,450,386
Median Unit: $575,704
Helpful links
Explore properties for sale in Melbourne, helpful guides and tools to help you plan your next move.


