Property Prices Comparison Between Perth and Melbourne 

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Rent Per Month
Perth Edit Melbourne Edit Difference
Apartment (1 bedroom) in City Centre 2,393.90 A$ 2,156.00 A$      -9.9 %
Apartment (1 bedroom) Outside of Centre 1,774.56 A$ 1,721.47 A$      -3.0 %
Apartment (3 bedrooms) in City Centre 3,733.17 A$ 3,925.34 A$      +5.1 %
Apartment (3 bedrooms) Outside of Centre 2,629.52 A$ 2,683.81 A$      +2.1 %
Buy Apartment Price
Perth Edit Melbourne Edit
Price per Square Feet to Buy Apartment in City Centre 881.93 A$ 1,001.75 A$      +13.6 %
Price per Square Feet to Buy Apartment Outside of Centre 722.80 A$ 919.94 A$      +27.3 %
Salaries And Financing
Perth Edit Melbourne Edit
Average Monthly Net Salary (After Tax) 5,171.00 A$ 5,303.77 A$      +2.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.17 4.48      -13.4 %
Last update: March 2023March 2023
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