Q1 2026 · 3,480 suburbs tracked
Victoria property market, 2026.
Median prices, annual growth, days on market, and the state’s top suburbs by growth, affordability and price, sourced from state revenue offices.
Avg median house
$432K
across tracked suburbs
Avg median unit
$266K
across tracked suburbs
Avg annual growth
N/A
house prices, last 12 months
Avg days on market
N/A
time to sell
State of the market
Victoria in 2026.
Victoria spent 2024-2025 in a softer cycle than the rest of the country, but 2026 sees the Melbourne market firming again as population growth and the steady drip of overseas migration meet a constrained pipeline of new family-suitable stock. Melbourne's median house price sits around $1.0M to $1.1M, roughly 35-40% below Sydney for an equivalent property, meaningful for first home buyers and rentvestors. Regional Victoria has been mixed: Geelong has held its COVID gains, Ballarat and Bendigo are flat-to-down. The state's planning reforms ('Plan for Victoria') are starting to push approvals up in middle-ring suburbs, which will eventually moderate growth in those pockets.
Victoria's most affordable suburbs
| # | Suburb | Median price | Annual growth | Profile |
|---|---|---|---|---|
| 1 | Bolton3546 | $105,000 | - | View → |
| 2 | Manangatang3546 | $105,000 | - | View → |
| 3 | Winnambool3546 | $105,000 | - | View → |
| 4 | Turoar3546 | $105,000 | - | View → |
| 5 | Gerahmin3546 | $105,000 | - | View → |
| 6 | Cocamba3546 | $105,000 | - | View → |
| 7 | Chinkapook3546 | $105,000 | - | View → |
| 8 | Harrow3317 | $107,000 | - | View → |
| 9 | Nullawil3529 | $110,000 | - | View → |
| 10 | Albacutya3424 | $110,000 | - | View → |
Victoria's highest median prices
| # | Suburb | Median price | Profile |
|---|---|---|---|
| 1 | Toorak3142 | $5,000,000 | View → |
| 2 | Brighton3186 | $3,550,000 | View → |
| 3 | Canterbury3126 | $3,544,000 | View → |
| 4 | Deepdene3103 | $3,450,000 | View → |
| 5 | Mont Albert3127 | $3,210,000 | View → |
| 6 | Balwyn3103 | $3,128,000 | View → |
| 7 | Portsea3944 | $2,825,000 | View → |
| 8 | Kew3101 | $2,810,500 | View → |
| 9 | Ivanhoe East3079 | $2,732,500 | View → |
| 10 | Glen Iris3146 | $2,715,000 | View → |
Other state reports
Data source
Market data sourced from state revenue offices and property sales records. Updated quarterly. Median prices and growth figures are calculated from available suburb-level data and may not reflect the full market. Full methodology →
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