Market data
Melbourne Median Asking Price, All Listings & Estimated Rental Yield
Melbourne median asking price, all listings $770K, median bond rent $573/wk, median estimated rental yield 3.7%. Free suburb-level market data from 16,171 active listings across 978 suburbs.
Melbourne median asking price, all listings, and bond rent
- Active listings tracked: 16,171
- Suburbs covered: 978
- Median asking price, all listings: $770K (from 9,931 priced listings)
- Middle 50% of listings: $590K to $1.15M
- Median weekly bond rent: $573 (107 suburbs)
- Median estimated rental yield (gross): 3.7% (5,334 listings)
Asking prices in Melbourne, all listings: price distribution
- Under $400k: 664 listings (6.7%)
- $400k-$600k: 1,944 listings (19.6%)
- $600k-$800k: 2,714 listings (27.3%)
- $800k-$1m: 1,491 listings (15.0%)
- $1m-$1.5m: 1,693 listings (17.0%)
- $1.5m-$2m: 661 listings (6.7%)
- $2m+: 764 listings (7.7%)
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): 10 suburbs, 534 listings (median $478K)
- Mid-market ($500k-$900k): 210 suburbs, 6,132 listings (median $700K)
- Upper-mid ($900k-$1.5m): 101 suburbs, 2,510 listings (median $1.09M)
- Blue chip ($1.5m+): 23 suburbs, 368 listings (median $1.88M)
Most expensive suburbs in Melbourne
- Sorrento, VIC 3943: median $5.00M, 5 listings
- Portsea, VIC 3944: median $4.60M, 6 listings
- Flinders, VIC 3929: median $4.40M, 6 listings
- Deepdene, VIC 3103: median $3.21M, 7 listings
- Toorak, VIC 3142: median $3.20M, 25 listings
- East Melbourne, VIC 3002: median $3.02M, 8 listings
- Balwyn, VIC 3103: median $2.35M, 33 listings
- Black Rock, VIC 3193: median $2.17M, 16 listings
- Moorooduc, VIC 3933: median $2.12M, 6 listings
- Balwyn North, VIC 3104: median $2.00M, 54 listings
Cheapest suburbs in Melbourne
- Travancore, VIC 3032: median $372K, 25 listings
- Darley, VIC 3340: median $408K, 6 listings
- Carlton, VIC 3053: median $416K, 58 listings
- Essendon North, VIC 3041: median $438K, 16 listings
- Werribee South, VIC 3030: median $472K, 9 listings
- Fairfield, VIC 3078: median $482K, 12 listings
- Melbourne, VIC 3003: median $482K, 8 listings
- Dandenong, VIC 3175: median $485K, 92 listings
- Melbourne, VIC 3000: median $490K, 298 listings
- Murrumbeena, VIC 3163: median $492K, 10 listings
Highest estimated rental yield suburbs in Melbourne
- Melbourne, VIC 3003: 6.43% estimated yield, median $550K, 3 listings
- Essendon North, VIC 3041: 6.31% estimated yield, median $430K, 9 listings
- Melbourne, VIC 3000: 6.23% estimated yield, median $600K, 65 listings
- Brunswick East, VIC 3057: 6.16% estimated yield, median $541K, 14 listings
- Clayton South, VIC 3169: 5.98% estimated yield, median $520K, 7 listings
- Southbank, VIC 3006: 5.94% estimated yield, median $725K, 77 listings
- Travancore, VIC 3032: 5.80% estimated yield, median $475K, 3 listings
- North Melbourne, VIC 3051: 5.73% estimated yield, median $550K, 9 listings
- Docklands, VIC 3008: 5.62% estimated yield, median $675K, 45 listings
- Caulfield North, VIC 3161: 5.62% estimated yield, median $600K, 7 listings
Melbourne in context
Median asking price, all listings, by state
- New South Wales: 45,226 listings, median $940K
- Victoria: 20,731 listings, median $750K
- Queensland: 23,781 listings, median $835K
- Western Australia: 8,261 listings, median $790K
- South Australia: 5,794 listings, median $550K
- Tasmania: 1,706 listings, median $695K
- Australian Capital Territory: 2,322 listings, median $720K
- Northern Territory: 599 listings, median $630K
How these numbers are produced
Asking prices and estimated yields are computed from listings we track directly, not licensed from a data vendor. Rent is the median of state rental bond figures. Sample sizes are shown next to each metric because coverage varies by state and by field. Vacancy rates, population growth and suburb-level capital growth are deliberately excluded: our upstream sources do not cover them densely enough to publish an honest national figure.
High-yield properties for sale in Melbourne
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 asking price, all listings, median weekly bond rent and estimated rental yield”, 27 October 2026. https://auspropertyinvest.com.au/market-health/melbourne
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