Property Prices in Melbourne, Australia

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,379.96 A$	1,800.00-3,300.00
Apartment (1 bedroom) Outside of Centre	1,788.44 A$	1,350.00-2,500.00
Apartment (3 bedrooms) in City Centre	4,419.30 A$	3,200.00-6,000.00
Apartment (3 bedrooms) Outside of Centre	2,627.13 A$	2,000.00-3,800.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,008.93 A$	929.02-1,300.63
Price per Square Feet to Buy Apartment Outside of Centre	787.47 A$	650.32-1,114.83
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	6,137.73 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.30	5.50-7.00

These data are based on 324 entries in the past 18 months from 58 different contributors.
Last update: February 2025