Median Sale Price
House
$585K
Updated on Aug 2020
2 BR $585K | 3 BR - | 4 BR - |
Unit
$485K
Updated on Aug 2020
1 BR $355K | 2 BR $557K | 3 BR $844K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $410,000 | 0.0% | $165,000 | $1,700,000 | 8 |
| 2010 | $478,000 | +14.2% | $306,000 | $2,750,000 | 27 |
| 2011 | $405,000 | -18.0% | $192,500 | $2,450,000 | 14 |
| 2012 | $580,000 | +30.2% | $282,000 | $2,400,000 | 12 |
| 2013 | $1,420,000 | +59.2% | $510,000 | $6,560,000 | 8 |
| 2014 | $492,000 | -188.6% | $195,000 | $1,007,000 | 8 |
| 2015 | $340,000 | -44.7% | $45,000 | $3,007,000 | 7 |
| 2016 | $470,000 | +27.7% | $142,000 | $2,100,000 | 12 |
| 2017 | $670,000 | +29.9% | $175,000 | $1,630,000 | 13 |
| 2018 | $1,300,000 | +48.5% | $367,000 | $1,300,000 | 3 |
| 2019 | $750,000 | -73.3% | $750,000 | $750,000 | 2 |
| 2020 | $2,815,000 | +73.4% | $2,815,000 | $2,815,000 | 2 |
Median Sale Price
$2.82M
Based on 3 recorded sales within the last 12 months
Updated on 29 Sep 2020
Suburb Growth
+73.4%
Current Median Price: $2,815,000
Previous Median Price: $750,000
Based on 5 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2020)
Price Range Segments (12 months ending Aug 2020)
Median Weekly Rent Price
House
$410
Updated on Aug 2020
2 BR $520 | 3 BR $1,000 | 4 BR - |
Unit
$490
Updated on Aug 2020
1 BR $410 | 2 BR $564 | 3 BR $830 | 4 BR $1,300 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $470 | 0.0% | $340 | $950 | 46 |
| 2012 | $520 | +9.6% | $180 | $1,650 | 58 |
| 2013 | $500 | -4.0% | $60 | $1,752 | 75 |
| 2014 | $399 | -25.3% | $50 | $800 | 71 |
| 2015 | $470 | +15.1% | $50 | $1,500 | 101 |
| 2016 | $495 | +5.1% | $50 | $3,250 | 72 |
| 2017 | $530 | +6.6% | $50 | $1,500 | 66 |
| 2018 | $550 | +3.6% | $320 | $2,750 | 103 |
| 2019 | $570 | +3.5% | $330 | $1,050 | 55 |
| 2020 | $500 | -14.0% | $65 | $1,250 | 94 |
Median Rent Price
$515
per week
Based on 108 recorded rent within the last 12 months
Updated on 29 Sep 2020
Rent Price Growth
-10.7%
Current Median Rent: $515
Previous Median Rent: $570
Based on 173 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1%
Current Median Price: $2,815,000
Current Median rent: $515
Based on 111 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2020)
Auction Results For Melbourne
Houses sold in Last 12 months ends 26 Sep 2020
$0M
Median Sale Price
100%
Clearance Rate
1/1
Sold/Reported
$0M
Highest Sale Price
Schools closest to Melbourne, VIC 3000
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Ozford College | LEVELS 2 AND 5, 123 LONSDALE STREETMelbourne 3000 | Secondary | Independent | 0.51 km |
| Eltham College of Education City CampusTop 100 | Melbourne 3000 | Combined | Independent | 0.77 km |
| Stotts College | 43 ELIZABETH STREETMelbourne 3000 | Secondary | Independent | 1.37 km |
| Carlton Gardens Primary School | 215 RATHDOWNE STREETCarlton 3053 | Primary | Government | 1.37 km |
| Academy of Mary ImmaculateTop 100 | 88 NICHOLSON STFitzroy 3065 | Secondary | Catholic | 1.48 km |
| Victorian College Of The Arts Secondary SchoolTop 50 | 57 MILES STREETSouthbank 3006 | Secondary | Government | 1.71 km |
| University High School | 77 STORY STREETParkville 3052 | Secondary | Government | 1.85 km |
| Carlton Primary School | CNR PALMERSTON & DRUMMOND STSCarlton 3053 | Primary | Government | 2.01 km |
| North Melbourne Primary School | 210 ERROL STREETNorth Melbourne 3051 | Primary | Government | 1.93 km |
| Sacred Heart School | 107 KING WILLIAM STFitzroy 3065 | Primary | Catholic | 1.86 km |