Melbourne, VIC 3000 Monthly Report
Part of Melbourne Council
The suburb of Melbourne is sponsored by SuburbTrends.
For the 12 month period to May 2020, each month an average of 43 houses and 58 units are sold in Melbourne.
Most houses sell within 24 days of being listed and apartments sell within 42 days.
Get a detailed free sales report and appraisal today from your agent to help you better understand the value of your home.
0.19 km
Distance from CBD
48 k
Population
27
Median Age
1.9
Average Household Size
Sold Price Range Segments
Median Weekly Rent Price
House
$575
Updated on May 2020
2 BR
$630
3 BR
$900
4 BR
$370
Unit
$550
Updated on May 2020
1 BR
$460
2 BR
$630
3 BR
$900
4 BR
$900
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth # Rentals
2015
$450
+13.92% 84
2016
$480
+6.67% 71
2017
$540
+12.5% 63
2018
$545
+0.93% 88
2019
$590
+8.26% 63
Median Rent Price
$575
per week
Based on 55 recorded rent within the last 12 months
Updated on May 2020
Rent Price Growth
+5%
Current Median Rent: $575
Previous Median Rent: $550
Based on 146 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+6.7%
Current Median Price: $448,000
Current Median rent: $575
Based on 569 recorded House sales and rents compared over the last 12 month periods
Rent Price Range Segments
$2,304
Monthly Personal Income
$7,430
Monthly Family Income
$4,971
Monthly Household Income
$1,800
Monthly Mortgage Repayments
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