2026 · 748 suburbs with a published median
Victoria property market, 2026
Median prices and the state’s most affordable and highest-priced suburbs, from the figures each suburb’s own page publishes.
Avg median house
$938K
across 748 suburbs
Avg median unit
$465K
where a unit median is published
Prices are Land Victoria's quarterly suburb medians.
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 | Jeparit3423 | $149,000 | - | View → |
| 2 | Hopetoun3396 | $155,000 | - | View → |
| 3 | Murtoa3390 | $175,000 | - | View → |
| 4 | Minyip3392 | $180,000 | - | View → |
| 5 | Kaniva3419 | $182,000 | - | View → |
| 6 | Rupanyup3388 | $185,000 | - | View → |
| 7 | Ouyen3490 | $200,000 | - | View → |
| 8 | Underbool3509 | $200,000 | - | View → |
| 9 | Nhill3418 | $203,000 | - | View → |
| 10 | Warracknabeal3393 | $205,000 | - | 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
Prices are Land Victoria's quarterly suburb medians. A suburb is listed only when its own page publishes the median, so the tables are shorter than the state. Averages are of suburb medians, not of sales. Full methodology →
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