Property Prices in Melbourne, Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 7.87 |
| Mortgage as Percentage of Income: | 69.16% |
| Loan Affordability Index: | 1.45 |
| Price to Rent Ratio - City Centre: | 20.28 |
| Price to Rent Ratio - Outside of Centre: | 23.56 |
| Gross Rental Yield (City Centre): | 4.93% |
| Gross Rental Yield (Outside of Centre): | 4.24% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 2,391.96 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,837.32 A$ | |
| Apartment (3 bedrooms) in City Centre | 4,520.18 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,698.03 A$ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 1,005.39 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 804.61 A$ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 6,190.08 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.28 |
These data are based on 329 entries from 63 contributors over the past 18 months.
Last update: April 2025
Sources and References
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Nearby Cities:| Property Prices in Ballarat | 71.73 miles |
| Property Prices in Wangaratta | 149.91 miles |
| Property Prices in Albury | 195.47 miles |
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