Melbourne, VIC 3000 Monthly Report
Part of Melbourne Council
The suburb of Melbourne is sponsored by SuburbTrends.
For the 12 month period to August 2020, each month an average of 36 houses and 60 units are sold in Melbourne.
Most houses sell within 24 days of being listed and apartments sell within 40 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
$500
Updated on Aug 2020
2 BR
$580
3 BR
$900
4 BR
$370
Unit
$521
Updated on Aug 2020
1 BR
$440
2 BR
$600
3 BR
$875
4 BR
$690
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
$500
per week
Based on 67 recorded rent within the last 12 months
Updated on Aug 2020
Rent Price Growth
-14%
Current Median Rent: $500
Previous Median Rent: $580
Based on 152 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.7%
Current Median Price: $460,000
Current Median rent: $500
Based on 499 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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