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Melbourne
VIC, 3004

Thinking about buying in Melbourne? Now could not be a better time, with 134098 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $725,000 with prices in this suburb ranging from $47,000 to $19,581,000. Melbourne is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $396.39
Median Monthly Mortgage $1829.62
Median Persons Per Bedroom 1.03
Average Household Size 1.91
Average Age 32.35
Average Income $965.44
Average Cars Per Dwelling 0.49
Average Properties Within 50M 1106

Housing Stock

Average Property Prices

1 Bed  $449,000
2 Bed  $741,000
3 Bed  $1,722,000
4 Bed  $1,419,000
5 Bed  $1,277,000

Melbourne Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

The capital city of the state of Victoria, Australia, Melbourne lies on Australia’s southern coast and holds the distinction of being the second most populous city both in the country and on the continent. A sprawling patchwork of green spaces and cityscape spanning nearly 10,000 square kilometres, nearly five million people call this rich, lively coastal city their home. For 26 years, from 1901 until 1927, Melbourne was the Australian seat of government and the nation’s de facto capital before it was relocated to Canberra to be as equidistant between the major settlements as possible. Built around the vast Victoria Harbour, as stunning as it is imposing, the city has developed into a centre of commerce, culture, and progress.

Melbourne’s economy is strong and incredibly diverse, stretching over a number of sectors. Its Central Business District, a metaphorical jungle of skyscrapers, is the second largest financial centre in the country; many companies’ regional, national or, in some cases, global headquarters are found in Melbourne, including two of Australia’s Big Four banks, the ANZ and National Australia Bank. Dotted throughout Melbourne are innumerable shops, restaurants, bars and other establishments, each contributing both to the value of the city and its unique character. Melbourne provides an excellent quality of life, being repeatedly lauded as the world’s most liveable city.

Melbourne is often referred to as the cultural capital of Australia; this culture can be found throughout the city, but it is especially present in sports. Melbourne is known to many as the nation’s sporting capital and plays host to 27 professional sports teams. The city has more to offer than just sports, however; the State Library of Victoria is one of the world’s most visited libraries and is famed for its early status as the home of many important figures in the world of literature. Melbourne’s population is very diverse and a number of cultural festivals with origins all over the world take place there, from annual comedy and arts festivals to religious celebrations.

Melbourne is a city of variety, and this is reflected in its property market. As a thriving city with such a large population, there is constant supply and demand for housing of all types, with properties for sale ranging from the exclusive examples of Victorian architecture for which Melbourne’s centre is famous to quieter and more modern housing in the suburbs, where property can be found with much smaller price tags. A city packed with character and excitement, green spaces and towering skylines, commerce and architecture and a remarkably rich history, Melbourne truly is a city that has something for everybody.

Units for sale Melbourne

At Realty UNIT 1509, 225 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 Contact Agent
At Realty UNIT 1103, 200 SPENCER ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 $360,000 - $396,000
Belle Property LEVEL 1, UNIT 13, 1 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $335,000
Belle Property UNIT 612, 14 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $399,000
Belle Property UNIT 1010, 12 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 $550,000 - $595,000
Belle Property UNIT 613, 108 FLINDERS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 $790,000 - $850,000
Belle Property UNIT 2A, 187 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $750,000 - $795,000
Belle Property UNIT 3309, 442 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $465,000 - $510,000
Belle Property FLOOR 2, UNIT 6, 201 SPRING ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 $825,000
Belle Property UNIT 609, 480 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 $649,000
Belle Property UNIT 531, 539 ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $330,000 - $360,000
Belle Property UNIT 103, 422-428 COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Private Sale - $830,000
Belle Property UNIT 103, 238 FLINDERS LANE, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Private Sale - $310,000
Belle Property UNIT 2606, 27 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 1 Private Sale - $675,000
Belle Property UNIT 307, 594 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 OFFERS: $625K - $675K
Belle Property UNIT 814, 471 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Private Sale - $325,000
Belle Property UNIT 43, 449-453 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 Contact Agent
Belle Property UNIT 201, 501-503 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Private Sale - $695,000
Belle Property UNIT 1601, 82 FLINDERS ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms2 Parking 1 $1,845,000
Elders LEVEL 11, LOT 12S, 125-133 SWANSTON ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms1 Parking 2 $595,000
Ray White LEVEL 38, UNIT 3801, 38 ROSE LANE, MELBOURNE, VIC, 3000 Beds0 Bathrooms0 Parking 0 140000
Elders UNIT 1003, 480 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 UNDER OFFER
Elders LEVEL 50, UNIT 5005, 500 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $165,000 Plus GST
Fletchers UNIT 206, 270 KING ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale $325,000
Fletchers UNIT 1413, 639 LONSDALE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 For Sale $650,000 to $700,000
Fletchers UNIT 6, 628 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 For Sale $869,000
Fletchers UNIT 4709, 568 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale $330,000 to $350,000
Fletchers FLAT 808, 601 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 For Sale Inspection Cancelled $690,000
Fletchers UNIT 1902, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 For Sale $515,000 - $520,000
Fletchers CARSPACE 2475, 163 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds Bathrooms For Sale Contact Agent
Fletchers UNIT 1404, 442 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 For Sale $520,000
Fletchers UNIT 2512, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 For Sale $510,000
Fletchers UNIT 1201, 81 ABECKETT ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale $498,000
Harcourts UNIT 3007, 639 LONSDALE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $350,000 - $370,000
Harcourts UNIT 51, 287 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Deadline Sale - $430,000 - $470,000
Harcourts UNIT 701, 390 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Deadline Sale - $460,000 - $500,000
Harcourts UNIT 2310, 33 MACKENZIE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 $539,000
Ray White UNIT 30, 300 KING ST, MELBOURNE, VIC, 3000 Beds5 Bathrooms2 Parking 2 979000
Harcourts UNIT 208, 9 DEGRAVES ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Deadline Sale - $570,000 - $620,000
Harcourts UNIT 407, 29 MARKET ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Deadline Sale - $690,000 - $750,000
Harcourts UNIT 403, 318 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $449,000
Harcourts UNIT 1611, 200 SPENCER ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 1 Contact Agent
Harcourts LEVEL 27, UNIT 2704, 27 THERRY ST, MELBOURNE, VIC, 3000 Beds6 Bathrooms2 Parking 2 Expressions of Interest
Ray White LEVEL 36, UNIT 3606, 36 LA TROBE ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms3 Parking 2 1600000
Harcourts UNIT 2006, 500 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 $509,000 - $549,000
Harcourts UNIT 1014, 250 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale - $350,000
Harcourts UNIT 32, 27 FLINDERS LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $799,000
Harcourts UNIT 1813, 250 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $290,000 - $310,000
Harcourts UNIT 1401, 464-466 COLLINS ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms2 Parking 1 Private Sale
Harcourts UNIT 503, 238 FLINDERS LANE, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $469,000
Harcourts LEVEL 1, UNIT 15, 1 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $435,000
Harcourts UNIT 5806, 568 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms2 $330,000 - $360,000
Harcourts UNIT 1703, 480 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $269,000
Harcourts UNIT 406, 9 DEGRAVES ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale
Harcourts UNIT 46, 38 MANCHESTER LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 $2,200,000
Harcourts UNIT 105, 318 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale
Harcourts UNIT 203, 318 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale - $470,000
Harcourts UNIT 5206, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Private Sale
Harcourts UNIT 2106, 23 MACKENZIE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2
Harcourts UNIT 3704, 37 SPRING ST, MELBOURNE, VIC, 3000 Beds Bathrooms Offers to Purchase
LJ Hooker UNIT 625, 199 WILLIAM ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $440,000 - $480,000
LJ Hooker LEVEL 56, UNIT 5601, 560 LONSDALE ST, MELBOURNE, VIC, 3000 Beds5 Bathrooms2 Parking 2 Please Call
LJ Hooker UNIT 9, 287 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $380,000 - $410,000
LJ Hooker UNIT 715, 17 SINGERS LANE, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $330,000 - $363,000
LJ Hooker UNIT 304, 243 FRANKLIN ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $360,000 - $380,000
LJ Hooker UNIT 4703, 568 COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 For Sale: $520,000 - $550,000
LJ Hooker UNIT 422, 555 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 Campaign on hold
LJ Hooker UNIT 2304, 199 WILLIAM ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 $700,000
LJ Hooker UNIT 615, 199 WILLIAM ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $530,000
Nelson Alexander UNIT 215, 408 LONSDALE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 2 Under Offer
Nelson Alexander UNIT 5502, 464-466 COLLINS ST, MELBOURNE, VIC, 3000 Beds4 Bathrooms2 Parking 2 Private Sale $2,970,000
Nelson Alexander LEVEL 13, UNIT 1310, 22-24 JANE BELL LANE, MELBOURNE, VIC, 3000 Beds4 Bathrooms3 Parking 4 Private Sale $388,000
Nelson Alexander UNIT 404, 400 ST KILDA RD, MELBOURNE, VIC, 3004 Beds4 Bathrooms3 Parking 4 Private Sale $405,000
Professionals UNIT 2304B, 23 LONSDALE ST, MELBOURNE, VIC, 3000 Beds Bathrooms $475K - $495K
Professionals UNIT 519, 55 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $479,500
Professionals UNIT 1906, 36 LA TROBE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $355,000-$385,000
Professionals UNIT 1008, 77 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 $580,000-$620,000
Professionals 38 ROSE LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $435,000-$475,000
Ray White UNIT 1312, 601 LITTLE LONSDALE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 1 430000
Ray White LEVEL 3, UNIT 304, 25 WILLS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 335000
Ray White UNIT 3509, 618 LONSDALE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 350000
Ray White UNIT 301, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 0 430000
Ray White UNIT 4706, 500 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 660000
Ray White UNIT 4904, 560 LONSDALE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 850000
Ray White UNIT 3410, 462 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 0 493000
Ray White UNIT 2606, 442 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 335000
Ray White UNIT 2901, 380 LITTLE LONSDALE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 0 450000
Ray White UNIT 1910, LIBERTY TOWERS, 620 COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 540000
Ray White UNIT 2209, LIBERTY TOWERS, 620 COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 0 410000
Ray White UNIT 2408, LIBERTY TOWERS, 620 COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 3 775000
Ray White UNIT 902, 398 LONSDALE ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms2 Parking 1 1100000
Ray White UNIT 4907, 568 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms2 Parking 0 320000
Ray White UNIT 1004, 336 RUSSELL ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 720000
Ray White UNIT 3007, 27 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 1395000
Ray White UNIT 1804, 27 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 325000
Ray White UNIT 23, CITY CONDOS, 416 ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 0 290000
Ray White UNIT 404, 12 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 425000
Ray White UNIT 808, 442 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 615000
Ray White UNIT 3, 27 QUEENS RD, MELBOURNE, VIC, 3004 Beds3 Bathrooms2 Parking 2 950000
Ray White LEVEL 35, UNIT 3502, 35 SPRING ST, MELBOURNE, VIC, 3000 Beds6 Bathrooms2 Parking 2 2000000
Ray White UNIT 901, 1 ROY ST, MELBOURNE, VIC, 3004 Beds3 Bathrooms2 Parking 2 1985000
Ray White UNIT 907, 1 ROY ST, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 2 750000
Ray White UNIT 601, 55 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 2 750000
Ray White UNIT 1328, 572 ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 295000
Ray White UNIT 212, MONARC APARTMENTS, 74 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 450000
Ray White UNIT 813, 77 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 620000
Ray White UNIT 203, 77 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 695000
Ray White LEVEL 28, UNIT 2802, 28 TIMOTHY LANE, MELBOURNE, VIC, 3000 Beds5 Bathrooms2 Parking 2 1050000
Ray White STRATA UNIT 102, 81 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 0 240000
Ray White UNIT 401, 83 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 2 650000
The Agency UNIT 1306, 243 FRANKLIN ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $350,000- $360,000
The Agency UNIT 810, 200 SPENCER ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 $600,000 - $660,000
The Agency UNIT 1306, 582 ST KILDA RD, MELBOURNE, VIC, 3004 Beds3 Bathrooms2 Parking 2 OFFERS: $1.4m - $1.54m
Woodards UNIT 605, 31 SPRING ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 $710,000 - $780,000
Woodards UNIT 1607, 80 ABECKETT ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $510,000
Woodards UNIT 520, MONARC APARTMENTS, 74 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 $520,000 - $560,000
Woodards UNIT 1501, 469 ST KILDA RD, MELBOURNE, VIC, 3004 Beds4 Bathrooms3 Parking 4 $3,490,000

Local Schools

Ozford College

Victorian College For The Deaf

MacRobertson Girls High School

Wesley College

Melbourne Grammar School

River Nile School

St Joseph's Flexible Learning Centre Melbourne

Simonds Catholic College

University High School

North Melbourne Primary School

(While the above schools are located with the suburb of Melbourne there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Melbourne weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

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