Property Prices in Melbourne, Australia

Index
Price to Income Ratio:	10.22
Mortgage as Percentage of Income:	92.09%
Loan Affordability Index:	1.09
Price to Rent Ratio - City Centre:	23.42
Price to Rent Ratio - Outside of Centre:	27.84
Gross Rental Yield (City Centre):	4.27%
Gross Rental Yield (Outside of Centre):	3.59%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,532.09 A$	1,950.00-3,500.00
Apartment (1 bedroom) Outside of Centre	2,015.88 A$	1,500.00-2,800.00
Apartment (3 bedrooms) in City Centre	4,801.75 A$	3,300.00-6,300.00
Apartment (3 bedrooms) Outside of Centre	3,001.38 A$	2,200.00-4,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,231.15 A$	929.02-1,950.95
Price per Square Feet to Buy Apartment Outside of Centre	1,049.23 A$	743.22-1,672.24
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	6,005.77 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.59	5.74-8.37

These data are based on 380 entries in the past 18 months from 68 different contributors.
Last update: April 2024

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Nearby cities:

Property Prices in Ballarat	71.73 miles
Property Prices in Wangaratta	149.91 miles
Property Prices in Albury	195.47 miles

This page in other languages:

DeutschImmobilienpreise in Melbourne

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ItalianoPrezzi delle proprietà immobiliari a Melbourne

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EspañolPrecios de Inmuebles en Melbourne

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1 Comments so far

may on Jun 22, 2020:

Rent per month : How much rent per month if 2 bedrooms apartment in City Centre?