Property Prices in Melbourne, Australia

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,411.85 A$	1,847.00-3,200.00
Apartment (1 bedroom) Outside of Centre	1,845.08 A$	1,391.00-2,500.00
Apartment (3 bedrooms) in City Centre	4,569.95 A$	3,300.00-6,000.00
Apartment (3 bedrooms) Outside of Centre	2,727.13 A$	2,000.00-4,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,004.74 A$	929.02-1,300.63
Price per Square Feet to Buy Apartment Outside of Centre	804.09 A$	650.32-1,114.83
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	6,304.26 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.28	5.20-7.00

These data are based on 335 entries from 65 contributors over the past 18 months.
Last update: April 2025