Melbourne Property Market
VIC · Data to 2025
$1,060,785
Median house price
Gross Yield
2.2%
1yr Growth
-1.4%
3yr Growth
-0.8%
5yr Growth
-0.8%
Median Rent
$394/wk
Suburbs tracked
98
📈 Median House Price Trend
💰 Rental Yield Trend
📊 Annual Market Snapshot
| Year | Median Price | Weekly Rent | Gross Yield | 1yr Growth | 5yr Growth |
|---|---|---|---|---|---|
| 2025 | $1,060,785 | $394/wk | 2.2% | -1.4% | -0.8% |
| 2024 | $1,076,218 | $394/wk | 2.21% | +0.6% | +0.6% |
| 2023 | $1,069,285 | $394/wk | 2.23% | 0.0% | 0.0% |
| 2022 | $1,069,285 | $394/wk | 2.23% | 0.0% | 0.0% |
| 2021 | $1,069,285 | $394/wk | 2.23% | 0.0% | 0.0% |
| 2020 | $1,069,285 | $394/wk | 2.23% | 0.0% | 0.0% |
| 2019 | $1,069,285 | $394/wk | 2.23% | 0.0% | 0.0% |
| 2018 | $1,069,285 | $394/wk | 2.23% | 0.0% | 0.0% |
| 2017 | $1,069,285 | $394/wk | 2.23% | 0.0% | — |
| 2016 | $1,069,285 | $394/wk | 2.23% | 0.0% | — |
| 2015 | $1,069,285 | $394/wk | 2.23% | 0.0% | — |
| 2014 | $1,069,285 | $394/wk | 2.23% | 0.0% | — |
| 2013 | $1,069,285 | $394/wk | 2.23% | — | — |
About the Melbourne Property Market
The Melbourne property market recorded a median house price of $1,060,785 in 2025, with an average gross rental yield of 2.2%. Prices fell 1.4% over the past year. Over five years, Melbourne property values have declined by 0.8%. Data is aggregated from 98 suburbs tracked across the Melbourne metro area.