Greater Melbourne · 689 suburbs tracked
Melbourne property market, 2026.
The median house price in Melbourne is $1,050,000, the median of 417 suburb medians from verified government sales data. Below: the fastest-growing, most affordable and highest-priced suburbs in Greater Melbourne.
Median house
$1.1M
median of suburb medians
Median unit
$578K
median of suburb medians
Typical annual growth
0%
house prices, last 12 months
Median house rent
$421/wk
weekly, across tracked suburbs
Fastest-growing Melbourne suburbs
| # | Suburb | Median price | Annual growth | Profile |
|---|---|---|---|---|
| 1 | Carlton3000 | $1,761,500 | - | View → |
| 2 | Dandenong North3175 | $790,000 | - | View → |
| 3 | Brighton East3187 | $2,050,000 | - | View → |
| 4 | Caulfield3162 | $2,685,000 | - | View → |
| 5 | Chelsea3196 | $1,137,500 | - | View → |
| 6 | Cranbourne West3977 | $700,000 | - | View → |
| 7 | Belgrave Heights3160 | $1,129,000 | - | View → |
| 8 | Spotswood3015 | $1,200,000 | - | View → |
Most affordable Melbourne suburbs
Melbourne's highest median prices
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.
- Are Melbourne house prices rising?
- The typical Melbourne suburb recorded growth of 0% in house prices over the past 12 months. Growth varies widely by suburb — the fastest-rising suburbs are listed on this page.
- Which Melbourne suburbs are growing fastest?
- By 12-month house price growth, the fastest-rising Greater Melbourne suburbs in our verified data are Carlton, Dandenong North, Brighton East. See the full top-8 table on this page.
- 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, Docklands.
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 with a verified sales source contribute to price figures (417 of 689 tracked Greater Melbourne suburbs). Growth outliers from thin sales samples are excluded. Full methodology →
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