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Melbourne
VIC, 3004

Thinking about buying in Melbourne? Now could not be a better time, with 134098 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $725,000 with prices in this suburb ranging from $47,000 to $19,581,000. Melbourne is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $396.39
Median Monthly Mortgage $1829.62
Median Persons Per Bedroom 1.03
Average Household Size 1.91
Average Age 32.35
Average Income $965.44
Average Cars Per Dwelling 0.49
Average Properties Within 50M 1106

Housing Stock

Average Property Prices

1 Bed  $449,000
2 Bed  $741,000
3 Bed  $1,722,000
4 Bed  $1,419,000
5 Bed  $1,277,000

Melbourne Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Melbourne driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Melbourne ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Melbourne classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Melbourne requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

The capital city of the state of Victoria, Australia, Melbourne lies on Australia’s southern coast and holds the distinction of being the second most populous city both in the country and on the continent. A sprawling patchwork of green spaces and cityscape spanning nearly 10,000 square kilometres, nearly five million people call this rich, lively coastal city their home. For 26 years, from 1901 until 1927, Melbourne was the Australian seat of government and the nation’s de facto capital before it was relocated to Canberra to be as equidistant between the major settlements as possible. Built around the vast Victoria Harbour, as stunning as it is imposing, the city has developed into a centre of commerce, culture, and progress.

Melbourne’s economy is strong and incredibly diverse, stretching over a number of sectors. Its Central Business District, a metaphorical jungle of skyscrapers, is the second largest financial centre in the country; many companies’ regional, national or, in some cases, global headquarters are found in Melbourne, including two of Australia’s Big Four banks, the ANZ and National Australia Bank. Dotted throughout Melbourne are innumerable shops, restaurants, bars and other establishments, each contributing both to the value of the city and its unique character. Melbourne provides an excellent quality of life, being repeatedly lauded as the world’s most liveable city.

Melbourne is often referred to as the cultural capital of Australia; this culture can be found throughout the city, but it is especially present in sports. Melbourne is known to many as the nation’s sporting capital and plays host to 27 professional sports teams. The city has more to offer than just sports, however; the State Library of Victoria is one of the world’s most visited libraries and is famed for its early status as the home of many important figures in the world of literature. Melbourne’s population is very diverse and a number of cultural festivals with origins all over the world take place there, from annual comedy and arts festivals to religious celebrations.

Melbourne is a city of variety, and this is reflected in its property market. As a thriving city with such a large population, there is constant supply and demand for housing of all types, with properties for sale ranging from the exclusive examples of Victorian architecture for which Melbourne’s centre is famous to quieter and more modern housing in the suburbs, where property can be found with much smaller price tags. A city packed with character and excitement, green spaces and towering skylines, commerce and architecture and a remarkably rich history, Melbourne truly is a city that has something for everybody.

Units for sale Melbourne

At Realty UNIT 1414, 200 SPENCER ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 $390,000 - $420,000
Belle Property UNIT 2602, 27 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $580,000 - $610,000
Belle Property UNIT 1010, 83 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 OFFERS: $450K - $490K
Belle Property LEVEL 1, UNIT 110, 118 RUSSELL ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Under Offer
Belle Property UNIT 602, 20-22 MCKILLOP ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $395,000 - $434,000
Belle Property UNIT 29, 449-453 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 $1,000,000 - $1,100,000
Belle Property UNIT 25, 458 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 $700,000-$770,000
Belle Property UNIT 35, 187 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Private Sale - $430,000
Belle Property UNIT 407, 8 BLIGH PL, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 Under Offer
Belle Property UNIT 107, 450 ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $445,000 - $465,000
Belle Property UNIT 114, 12 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 Contact Agent
Belle Property UNIT 1005, 12 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 OFFERS: $400K- $440K
Belle Property UNIT 706, 501-503 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Private Sale
Belle Property UNIT 514, 70 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 OFFERS: $620K - $660K
Belle Property LEVEL 35, UNIT 3502, 35 SPRING ST, MELBOURNE, VIC, 3000 Beds4 Bathrooms2 Parking 3 Auction Wed 1 May at 6pm In-Room
Belle Property UNIT 2801, 27 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 Price Improvement - $1,600,000 - $1,700,000
Belle Property UNIT 1004, 19 QUEENS RD, MELBOURNE, VIC, 3004 Beds3 Bathrooms2 Parking 2 $1,900,000 - $2,050,000
Belle Property UNIT 26, 243 COLLINS ST, MELBOURNE, VIC, 3000 Beds Bathrooms1 $340,000
Belle Property UNIT 36, 32 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 OFFERS: $650K - $690K
Belle Property LEVEL 56, UNIT 5601, 560 LONSDALE ST, MELBOURNE, VIC, 3000 Beds Bathrooms Price Reduction - $595,000 each block
Buxton FLAT 903, 478A ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 Private Sale: $740,000 - $780,000
Buxton UNIT 3603, 8 SUTHERLAND ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms2 Private Sale $690,000
Buxton UNIT 307, 77 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 $480,000 - $528,000
Buxton UNIT 24, 33 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $575,000 - $625,000
Buxton UNIT 1608, 450 ST KILDA RD, MELBOURNE, VIC, 3004 Beds3 Bathrooms2 Parking 2 Private Sale: $1,220,00-$1,320,000
Buxton UNIT 410, 539 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 Private Sale: $700,000
Buxton UNIT 809, 83 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 Private Sale: $425,000 - $450,000
Buxton LEVEL 8, UNIT 805, 603 ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 $500,000 - $530,000
Buxton STRATA UNIT 402, 81 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $285,000 - $310,000
Buxton FLAT 609, 478A ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 Offers: $390,000 - $420,000
Buxton LEVEL 5, UNIT 501, 601 ST KILDA RD, MELBOURNE, VIC, 3004 Beds3 Bathrooms2 Parking 2 $1,399,999 - $1,539,000
Buxton LEVEL 28, UNIT 2802, 28 TIMOTHY LANE, MELBOURNE, VIC, 3000 Beds6 Bathrooms2 Parking 4
Century 21 STRATA UNIT 106, 81 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 $295,000
Elders LEVEL 50, UNIT 5005, 500 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $219,000
Fletchers UNIT 1902, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 For Sale $515,000 - $520,000
Fletchers CARSPACE 2475, 163 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds Bathrooms For Sale Contact Agent
Fletchers UNIT 602, 155 BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale $340,000 - $370,000
Fletchers UNIT 1404, 442 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 For Sale $520,000
Fletchers UNIT 2512, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 For Sale $510,000
Fletchers UNIT 1201, 81 ABECKETT ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale $498,000
Harcourts UNIT 904, 270 KING ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 Contact Agent
Harcourts UNIT 5806, 568 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms2 $300,000 - $330,000
Harcourts UNIT 2106, 23 MACKENZIE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2
Harcourts UNIT 1611, 200 SPENCER ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 1 Contact Agent
Harcourts UNIT 1006, 115 SWANSTON ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Deadline Sale - $420,000 - $460,000
Harcourts UNIT 1013, 422-428 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Deadline Sale - $440,000 - $480,000
Harcourts UNIT 23, 7 DREWERY LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 Deadline Sale - $1,050,000 - $1,150,000
Harcourts UNIT 3007, 639 LONSDALE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Contact Agent
Harcourts UNIT 5206, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Private Sale
Harcourts UNIT 507, 501-503 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds6 Bathrooms3 Parking 1 $1,299,000 - $1,329,000
Harcourts UNIT 1703, 480 COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $290,000
Harcourts UNIT 3005, 285 LA TROBE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 $600,000-$660,000
Harcourts UNIT 20, 562-566 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $489,000
Harcourts UNIT 2, 349 FLINDERS LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $975,000
Harcourts UNIT 103, 296 FLINDERS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale
Harcourts UNIT 2501, 250 ELIZABETH ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $399,000 - 53m2
Harcourts UNIT 802, 260 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $410,000 - 6.3% Return
Harcourts LEVEL 2, UNIT 24, 1 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale - $540,000 - $590,000
Harcourts LEVEL 27, UNIT 2704, 27 THERRY ST, MELBOURNE, VIC, 3000 Beds7 Bathrooms4 Parking 3 Expressions of Interest
Harcourts UNIT 711, 77 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 $570,000-$620,000
Harcourts UNIT 203, 318 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale - $450,000 - $490,000
Harcourts UNIT 105, 318 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale
Harcourts UNIT 46, 38 MANCHESTER LANE, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 $2,200,000
Harcourts UNIT 701, 8 SUTHERLAND ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 $535,000
Harcourts UNIT 101, 601 LITTLE COLLINS ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms3 $1,800,000
Harcourts UNIT 406, 9 DEGRAVES ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 For Sale
LJ Hooker UNIT 3401, 228 LA TROBE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Contact Agent: $400,000 to $440,000
LJ Hooker UNIT 2614, 33 MACKENZIE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Offer Welcome: $300,000 to $330,000
LJ Hooker UNIT 422, 555 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 Campaign on hold
LJ Hooker UNIT 615, 199 WILLIAM ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $530,000
LJ Hooker UNIT 2304, 199 WILLIAM ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 $700,000
Nelson Alexander UNIT 1302, 14 QUEENS RD, MELBOURNE, VIC, 3004 Beds4 Bathrooms2 Parking 6 Private Sale $795,000
Nelson Alexander UNIT 5, 43 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 Private Sale $1,200,000
Ray White LEVEL 38, UNIT 3801, 38 ROSE LANE, MELBOURNE, VIC, 3000 Beds5 Bathrooms2 Parking 2 980000
Ray White UNIT 2304B, 23 LONSDALE ST, MELBOURNE, VIC, 3000 Beds4 Bathrooms3 Parking 5 1700000
Professionals UNIT 519, 55 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 $479,500
Professionals UNIT 2002, 265 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 $650,000
Professionals LEVEL 4, UNIT 44, 1 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $850,000 - $899,000
Professionals UNIT 1008, 31 SPRING ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 1 $480,000 - $520,000
Professionals UNIT 915, 55 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 $639,000
Professionals UNIT 606, 639 LITTLE BOURKE ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 $309,500
Professionals UNIT 2208, 265 EXHIBITION ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 1 Under Contract
Professionals LEVEL 33, UNIT 3303, 33 ROSE LANE, MELBOURNE, VIC, 3000 Beds3 Bathrooms1 Parking 1 $1,199,000
Ray White UNIT 1713, 618 LONSDALE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 0 429000
Ray White UNIT 3901, 639 LONSDALE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 0 430000
Ray White UNIT 1813, 199 WILLIAM ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 0 410000
Ray White UNIT 2003, 8 SUTHERLAND ST, MELBOURNE, VIC, 3000 Beds3 Bathrooms2 Parking 0 590000
Ray White UNIT 1910, LIBERTY TOWERS, 620 COLLINS ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 540000
Ray White UNIT 615, 339 SWANSTON ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 0 285000
Ray White UNIT 108, 565 FLINDERS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 299000
Ray White UNIT 1904, 33 MACKENZIE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms2 Parking 0 480000
Ray White UNIT 1902, 33 MACKENZIE ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 Parking 1 490000
Ray White UNIT 211, 267 FLINDERS LANE, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 200000
Ray White UNIT 815, 238 FLINDERS ST, MELBOURNE, VIC, 3000 Beds1 Bathrooms1 Parking 0 220000
Ray White UNIT 1706, 452 ST KILDA RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 0 240000
Ray White UNIT 3704, 37 SPRING ST, MELBOURNE, VIC, 3000 Beds5 Bathrooms3 Parking 1 1450000
Ray White LEVEL 36, UNIT 3606, 36 LA TROBE ST, MELBOURNE, VIC, 3000 Beds6 Bathrooms3 Parking 0 1450000
Ray White UNIT 315, 70 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 420000
Ray White UNIT 108, 70 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 0 350000
Ray White UNIT 508, 70 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 400000
Ray White UNIT 418, 555 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms1 Parking 1 500000
Ray White UNIT 804, MONARC APARTMENTS, 74 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 365000
Ray White UNIT 1204, 77 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 1 375000
Ray White UNIT 808, 408 LONSDALE ST, MELBOURNE, VIC, 3000 Beds5 Bathrooms4 Parking 3 2100000
Ray White STRATA UNIT 102, 81 QUEENS RD, MELBOURNE, VIC, 3004 Beds1 Bathrooms1 Parking 0 240000
The Agency FLAT 1803, 8 BOWEN CR, MELBOURNE, VIC, 3004 Beds3 Bathrooms3 Parking 3 $3,895,000
Woodards UNIT 1607, 80 ABECKETT ST, MELBOURNE, VIC, 3000 Beds2 Bathrooms1 $510,000
Woodards UNIT 215, 450 ST KILDA RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 Inspection by appointment Wednesday 2:30 - 3:00
Woodards UNIT 1116, MONARC APARTMENTS, 74 QUEENS RD, MELBOURNE, VIC, 3004 Beds2 Bathrooms2 Parking 1 UNDER OFFER

Local Schools

Ozford College

Victorian College For The Deaf

MacRobertson Girls High School

Wesley College

Melbourne Grammar School

River Nile School

St Joseph's Flexible Learning Centre Melbourne

Simonds Catholic College

University High School

North Melbourne Primary School

(While the above schools are located with the suburb of Melbourne there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Melbourne weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

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