Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 9.12
Mortgage as Percentange of Income: 68.77%
Loan Affordability Index: 1.45
Price to Rent Ratio - City Centre: 22.04
Price to Rent Ratio - Outside of Centre: 24.71
Gross Rental Yield (City Centre): 4.54%
Gross Rental Yield (Outside of Centre): 4.05%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,873.88 A$ 1,500.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,441.72 A$ 1,200.00-1,770.00
Apartment (3 bedrooms) in City Centre 3,513.08 A$ 2,700.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,142.56 A$ 1,600.00-3,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 852.67 A$ 650.32-975.47
Price per Square Feet to Buy Apartment Outside of Centre 665.47 A$ 353.03-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,480.15 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.42 4.00-5.00

These data are based on 309 entries in the past 18 months from 53 different contributors.
Last update: February 2019

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1 Comments so far

#James Tan on Jan 22, 2019 :
What is the price of land (per sq ft) at Swanston Street?