Greater Melbourne · 665 suburbs tracked
Melbourne house prices, 2026.
The median house price in Melbourne is $1,050,000, the median of 417 suburb medians from verified government sales data. Below: house prices in the twenty busiest suburbs, then the fastest-growing, most affordable and highest-priced suburbs in Greater Melbourne.
Median house price in Melbourne.
Median house
$1.1M
median of suburb medians
Median unit
$578K
median of suburb medians
Typical annual growth
N/A
house prices, last 12 months
Median house rent
$660/wk
weekly, across tracked suburbs
What Melbourne house prices are doing.
The median house price across Greater Melbourne is $1,050,000. That figure is the median of 417 suburb medians, each drawn from government sales records, rather than an average, so a handful of waterfront or acreage suburbs cannot drag it up. The median unit price is $577,500. The median house rent is $660 a week.
Among established suburbs, the most affordable is Melbourne at $381,000 and the dearest is Toorak at $5,000,000, a 13.1-times gap across the one city. The table below lists Melbourne's twenty largest established suburbs with their medians.
Source: suburb medians from the VIC valuer-general or state sales records and the ABS, aggregated by Your Property Guide, sales data last refreshed May 2026; page generated 3 October 2026. Only the 417 of 665 tracked suburbs whose own page publishes a median contribute to price figures: a verified sales source, and at least five recorded sales where the count is reported.
House prices by suburb: Melbourne's twenty busiest
| # | Suburb | Median price | 12-month change | House sales | Prices |
|---|---|---|---|---|---|
| 1 | Point Cook3030 | $800,000 | - | – | View → |
| 2 | Craigieburn3064 | $700,000 | - | – | View → |
| 3 | Tarneit3029 | $665,000 | - | – | View → |
| 4 | Melbourne3004 | $440,000 | - | – | View → |
| 5 | Melbourne3000 | $381,000 | - | – | View → |
| 6 | Pakenham3810 | $690,000 | - | – | View → |
| 7 | Berwick3806 | $870,000 | - | – | View → |
| 8 | Werribee3030 | $641,000 | - | – | View → |
| 9 | Glen Waverley3150 | $1,710,000 | - | – | View → |
| 10 | Sunbury3429 | $675,000 | - | – | View → |
| 11 | Frankston3199 | $810,000 | - | – | View → |
| 12 | Hoppers Crossing3029 | $660,000 | - | – | View → |
| 13 | Truganina3029 | $670,800 | - | – | View → |
| 14 | Mount Waverley3149 | $1,640,000 | - | – | View → |
| 15 | Rowville3178 | $1,150,000 | - | – | View → |
| 16 | Noble Park3174 | $820,000 | - | – | View → |
| 17 | Clyde North3978 | $735,500 | - | – | View → |
| 18 | Doncaster East3109 | $1,552,500 | - | – | View → |
| 19 | Narre Warren South3805 | $820,000 | - | – | View → |
| 20 | Bentleigh East3165 | $1,550,000 | - | – | View → |
Most affordable Melbourne suburbs
Melbourne's highest median prices
| # | Suburb | Median price | Prices |
|---|---|---|---|
| 1 | Toorak3142 | $5,000,000 | View → |
| 2 | Mont Albert3127 | $3,210,000 | View → |
| 3 | Balwyn3103 | $3,128,000 | View → |
| 4 | Ivanhoe East3079 | $2,732,500 | View → |
| 5 | Caulfield3162 | $2,685,000 | View → |
| 6 | Hawthorn East3123 | $2,500,000 | View → |
| 7 | Malvern East3145 | $2,437,500 | View → |
| 8 | East Melbourne3002 | $2,400,000 | View → |
Most searched suburbs in Greater Melbourne
The Greater Melbourne suburbs people look up most on Your Property Guide, by Google search impressions over the last three months.
- Toorak 3142
- Hawthorn East 3123
- Mickleham 3064
- Bulleen 3105
- Beaumaris 3192
- Deer Park 3023
- Somerville 3912
- Collingwood North 3066
- Epping 3076
- Reservoir South 3073
- Port Melbourne 3207
- Camberwell North 3124
- Watergardens 3038
- South Yarra 3141
- Glen Waverley 3150
- Fountain Gate 3805
- Parkdale 3195
- Sunbury 3429
- Croydon 3136
- Boronia 3155
- Tullamarine 3043
- Preston West 3072
- Ascot Vale 3032
- Altona Meadows 3028
Melbourne property market questions
- What is the median house price in Melbourne?
- The median house price across Greater Melbourne is $1,050,000, calculated as the median of 417 suburb-level medians from verified government sales data. The median unit price is $577,500.
- What are the cheapest suburbs in Melbourne?
- Among established suburbs (population 1,000+) with verified sales data, the most affordable Greater Melbourne suburbs by median house price are Melbourne, Southbank, Melbourne.
Keep exploring
Data source
Figures are aggregated from suburb-level medians sourced from state valuers-general, state government sales records and the ABS. Only suburbs whose own page publishes a median contribute to price figures (417 of 665 tracked Greater Melbourne suburbs): a verified sales source, and at least five recorded sales where the count is reported. A 12-month change is shown where the state’s sales feed measures one, and left out beyond 25%. Full methodology →
Free property appraisal · Start with your suburb
Where’s the house?
We’ll show you what houses in that suburb are selling for, then a local agent who sells there gives you a figure for yours. Free, no commitment to list.
Thinking about selling in Melbourne?
The complete guide to selling in today's market: what it really costs, how agents price your home, the 10 questions that catch bad agents out, and a 12-week plan to settlement. Free PDF, in your inbox in 60 seconds.
Get the free selling guide