Property prices for sale in Melbourne (Victoria)

The prices in real estate in Melbourne, in the Victoria region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$483,107.5
Average price last 6 months
$1,092.17
Price/m² last 6 months
Average price per m2

The price per m² in Melbourne has increased during the last 6 months. In December, the average price per m² was $1,044. In January this price pretty much remained the same at a value of $1,070 per m². In the following two months the price per m² has barely changed, going from $1,057 to $1,088.5 per m². The price per m² has increased 105 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $1,072.75 to $1,131 during April, and May.

Average price

Based upon to the price in Melbourne (suburbs), these have remained the same in the last 6 months. In our first sample month during December, the average price is $474,494. In January This price remains at $473,782. In the following two months the average price has remained the same with regard to the previous two months from $474,138 to $478,762. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $476,450 and $496,422.5 between April and May.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $496,477 they are 10 % more affordable than the average price for Melbourne. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 2 bedrooms priced at $499,461.

With regard to the average price per m² , those properties with 4 bedrooms are the most costly ones at a cost of $1,119 / m², with an average $1,112 / m² price in Melbourne. The properties with the highest average prices have 1 bedroom. They are 658 % more expensive than the average followed by properties with 2 bedrooms with a price at $3,663 / m².

Price per property type

The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $496,477 it is 65 % cheaper than the average price in Melbourne. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $503,164 it is 4 % more expensive than the average price.

According to the average cost per m², the most expensive property type would be "House" at an average cost of $1,123 / m² followed by "Office" priced at $4,857 / m². "Apartment" is the most costly type of property with a $5,801 / m² cost followed by "Office" with an average price of $4,857 / m².

Charts data
Average price May
Average price per m² May
Number of properties used in Melbourne
Number of properties used in region Victoria
$496,477
$1,112
45,328
237,742
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Other For Rent 26a/75 Garage 26a/75 Queens Road, Melbourne 3004, Vic Lock Up Garage For Rent
 1
Other For Rent 26a/75 Garage 26a/75 Queens Road, Melbourne 3004, Vic Lock Up Garage For Rent
60
Melbourne, Victoria - For Rent - 1 bathroom
Large garage for rent suitable for car or storage - entrance via queen lane arranging an inspection is easy. To book a time to inspect, simply click on 'email...
Townhouse For Rent 26 Mary Street, Brighton 3186, Vic An Essential Brighton Retreat With A...
 1
Townhouse For Rent 26 Mary Street, Brighton 3186, Vic An Essential Brighton Retreat With A...
$975
Melbourne, Victoria - For Rent - Townhouse - 3 bedrooms - 2 bathrooms
Short term lease available stunningly presented and promising a living experience that is wonderfully low-maintenance while still showcasing elegant modern...
House For Rent 46 Yarralea Street, Alphington 3078, Vic House For Rent In Alphington, Vic:...
 1
House For Rent 46 Yarralea Street, Alphington 3078, Vic House For Rent In Alphington, Vic:...
540
Melbourne, Victoria - For Rent - House - 3 bedrooms - 1 bathroom
To enquire on this property, please click on the ‘email agent’ button above house for rent: 46 yarralea street alphington, vic $540 per week ($2,339 per...
Apartment For Rent 602/67 Spencer Street, Melbourne 3000, Vic Fully Furnished Heritage Apa...
 1
Apartment For Rent 602/67 Spencer Street, Melbourne 3000, Vic Fully Furnished Heritage Apa...
$800.00 per week
Melbourne, Victoria - For Rent - Apartment - 2 bedrooms - 2 bathrooms
Situated in one of melbourne's most iconic buildings “grand central”, beautifully maintained throughout this fully furnished apartment offers of two spacious bedrooms...
Apartment For Rent 1111/555 Flinders Street, Melbourne 3000, Vic Northbank Place C Furnish...
 1
Apartment For Rent 1111/555 Flinders Street, Melbourne 3000, Vic Northbank Place C Furnish...
500
Melbourne, Victoria - For Rent - Apartment - 2 bedrooms - 1 bathroom
Well located right between melbourne cbd and southbank, this 2 bedroom apartment...