Melbourne · VIC · 17 suburbs tracked
Melbourne house prices, 2026.
The median house price in Melbourne is $1,465,000, the median of 12 suburb medians from verified government sales data. Below: house prices in the busiest suburbs, then the fastest-growing, most affordable and highest-priced suburbs in the Melbourne region of Victoria.
Median house price in Melbourne
Median house
$1.5M
median of suburb medians
Median unit
$544K
median of suburb medians
Typical annual growth
N/A
house prices, last 12 months
Median house rent
$975/wk
weekly, across tracked suburbs
What Melbourne house prices are doing
The median house price across the Melbourne region is $1,465,000. That figure is the median of 12 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 $543,750. The median house rent is $975 a week.
Among established suburbs, the most affordable is Melbourne at $381,000 and the dearest is East Melbourne at $2,400,000, a 6.3-times gap across the one region. The table below lists the 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 22 October 2026. Only the 12 of 17 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 in Melbourne
| # | Suburb | Median price | 12-month change | House sales | Prices |
|---|---|---|---|---|---|
| 1 | Melbourne3004 | $440,000 | - | - | View → |
| 2 | Melbourne3000 | $381,000 | - | - | View → |
| 3 | South Yarra3141 | $2,100,000 | - | - | View → |
| 4 | Port Melbourne3207 | $1,500,000 | - | - | View → |
| 5 | Docklands3008 | $440,000 | - | - | View → |
| 6 | North Melbourne3051 | $1,326,000 | - | - | View → |
| 7 | West Melbourne3003 | $1,430,000 | - | - | View → |
| 8 | East Melbourne3002 | $2,400,000 | - | - | View → |
Most affordable Melbourne suburbs
| # | Suburb | Median price | 12-month change | Prices |
|---|---|---|---|---|
| 1 | Melbourne3000 | $381,000 | - | View → |
| 2 | Melbourne3004 | $440,000 | - | View → |
| 3 | Docklands3008 | $440,000 | - | View → |
| 4 | North Melbourne3051 | $1,326,000 | - | View → |
| 5 | West Melbourne3003 | $1,430,000 | - | View → |
| 6 | Port Melbourne3207 | $1,500,000 | - | View → |
| 7 | South Yarra3141 | $2,100,000 | - | View → |
| 8 | East Melbourne3002 | $2,400,000 | - | View → |
Melbourne's highest median prices
| # | Suburb | Median price | Prices |
|---|---|---|---|
| 1 | East Melbourne3002 | $2,400,000 | View → |
| 2 | South Yarra3141 | $2,100,000 | View → |
| 3 | Port Melbourne3207 | $1,500,000 | View → |
| 4 | West Melbourne3003 | $1,430,000 | View → |
| 5 | North Melbourne3051 | $1,326,000 | View → |
| 6 | Melbourne3004 | $440,000 | View → |
| 7 | Docklands3008 | $440,000 | View → |
| 8 | Melbourne3000 | $381,000 | View → |
Real estate agents in Melbourne
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Commission in Victoria typically runs 1.6% to 2.5%. On the Melbourne median of $1,465,000 that is $23,440 to $36,625, before marketing. Rates are negotiable; see the VIC commission guide.
Melbourne property market questions
- What is the median house price in Melbourne?
- The median house price across the Melbourne region of VIC is $1,465,000, calculated as the median of 12 suburb-level medians from verified government sales data. The median unit price is $543,750.
- What are the cheapest suburbs in Melbourne?
- Among established suburbs (population 1,000+) with verified sales data, the most affordable suburbs in the Melbourne region by median house price are Melbourne, Melbourne, Docklands.
Suburbs in Melbourne
All 17 suburbs in the Melbourne region, Victoria. Medians are shown only where the suburb’s own page publishes one.
Units $332,500
Units $332,500
Units $585,000
Units $610,000
Units $396,000
Units $567,500
Units $567,500
Units $517,500
Units $685,000
Units $585,000
Units $515,000
Units $520,000
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 (12 of 17 tracked 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 →
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