Property Prices in Melbourne, Australia

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,384.58 A$	1,800.00-3,200.00
Apartment (1 bedroom) Outside of Centre	1,848.94 A$	1,400.00-2,500.00
Apartment (3 bedrooms) in City Centre	4,474.73 A$	3,300.00-6,000.00
Apartment (3 bedrooms) Outside of Centre	2,684.70 A$	2,000.00-3,800.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,007.69 A$	929.02-1,300.63
Price per Square Feet to Buy Apartment Outside of Centre	789.29 A$	650.32-1,114.83
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	6,132.05 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.29	5.20-7.00

These data are based on 323 entries in the past 18 months from 60 different contributors.
Last update: March 2025