Market data
Melbourne Median House Price & Rental Yield
Melbourne median house price $749K, median rent $604/wk, median rental yield 3.8%. Free suburb-level market data from 15,763 active listings across 975 suburbs.
Melbourne median house price and rent
- Active listings tracked: 15,763
- Suburbs covered: 975
- Median house price: $749K (from 10,043 priced listings)
- Middle 50% of listings: $586K – $1.08M
- Median weekly rent: $604 (412 suburbs)
- Median rental yield (gross): 3.82% (8,726 listings)
- Average population growth: 2.58% (572 suburbs)
House prices in Melbourne: asking price distribution
- Under $400k: 787 listings (7.8%)
- $400k-$600k: 1,988 listings (19.8%)
- $600k-$800k: 2,922 listings (29.1%)
- $800k-$1m: 1,460 listings (14.5%)
- $1m-$1.5m: 1,651 listings (16.4%)
- $1.5m-$2m: 643 listings (6.4%)
- $2m+: 592 listings (5.9%)
Blue chip vs affordable suburbs in Melbourne
Suburbs grouped by their own median asking price. Only suburbs with at least five priced listings are counted.
- Affordable (under $500k): 11 suburbs, 558 listings (median $460K)
- Mid-market ($500k-$900k): 230 suburbs, 6,622 listings (median $696K)
- Upper-mid ($900k-$1.5m): 87 suburbs, 2,179 listings (median $1.10M)
- Blue chip ($1.5m+): 21 suburbs, 304 listings (median $1.98M)
Most expensive suburbs in Melbourne
- Sorrento, VIC 3943 — median $5.00M, 5 listings
- Flinders, VIC 3929 — median $4.60M, 6 listings
- Portsea, VIC 3944 — median $3.95M, 5 listings
- Canterbury, VIC 3126 — median $3.20M, 5 listings
- Shoreham, VIC 3916 — median $2.77M, 6 listings
- Balnarring, VIC 3926 — median $2.40M, 7 listings
- Balwyn, VIC 3103 — median $2.35M, 21 listings
- Toorak, VIC 3142 — median $2.30M, 21 listings
- Black Rock, VIC 3193 — median $2.20M, 17 listings
- Waterways, VIC 3195 — median $2.09M, 5 listings
Cheapest suburbs in Melbourne
- Albion, VIC 3020 — median $350K, 13 listings
- Travancore, VIC 3032 — median $366K, 20 listings
- Carlton, VIC 3053 — median $426K, 44 listings
- Melbourne, VIC 3003 — median $435K, 9 listings
- Parkville, VIC 3052 — median $456K, 10 listings
- Melbourne, VIC 3000 — median $460K, 291 listings
- Junction Village, VIC 3977 — median $470K, 7 listings
- Essendon North, VIC 3041 — median $471K, 18 listings
- East Melbourne, VIC 3002 — median $485K, 5 listings
- Dandenong, VIC 3175 — median $492K, 132 listings
Highest rental yield suburbs in Melbourne
- Melbourne, VIC 3000 — 6.06% yield, median $605K, 96 listings
- Southbank, VIC 3006 — 5.90% yield, median $669K, 108 listings
- Melbourne, VIC 3004 — 5.88% yield, median $700K, 31 listings
- Windsor, VIC 3181 — 5.81% yield, median $552K, 10 listings
- Travancore, VIC 3032 — 5.80% yield, median $460K, 5 listings
- Caulfield North, VIC 3161 — 5.67% yield, median $580K, 7 listings
- Oakleigh, VIC 3166 — 5.50% yield, median $590K, 15 listings
- Malvern, VIC 3144 — 5.44% yield, median $550K, 5 listings
- Docklands, VIC 3008 — 5.40% yield, median $696K, 58 listings
- Koo Wee Rup, VIC 3981 — 5.35% yield, median $714K, 8 listings
Melbourne in context
Median house price by state
- New South Wales — 44,320 listings, median $900K
- Victoria — 20,688 listings, median $734K
- Queensland — 23,640 listings, median $849K
- Western Australia — 8,385 listings, median $785K
- South Australia — 6,963 listings, median $517K
- Tasmania — 2,028 listings, median $535K
- Australian Capital Territory — 2,238 listings, median $720K
- Northern Territory — 711 listings, median $645K
How these numbers are produced
Every figure is computed from listings we track directly, not licensed from a data vendor. Sample sizes are shown next to each metric because coverage varies by state and by field. Vacancy rates and suburb-level capital growth are deliberately excluded: our upstream sources do not cover them densely enough to publish an honest national figure.
Use this data
These figures are published under the Creative Commons Attribution 4.0 licence. Republish them anywhere, including commercially, as long as you credit the source.
Cite as: Aus Property Invest, “Melbourne median house price, rent and rental yield”, 11 September 2026. https://auspropertyinvest.com.au/market-health/melbourne
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