Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.93
Mortgage as Percentange of Income: 67.56%
Loan Affordability Index: 1.48
Price to Rent Ratio - City Centre: 21.95
Price to Rent Ratio - Outside of Centre: 24.87
Gross Rental Yield (City Centre): 4.56%
Gross Rental Yield (Outside of Centre): 4.02%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,760.60 A$ 1,300.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,361.33 A$ 1,000.00-1,739.13
Apartment (3 bedrooms) in City Centre 3,367.20 A$ 2,400.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 2,132.79 A$ 1,521.74-3,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 805.30 A$ 650.32-975.47
Price per Square Feet to Buy Apartment Outside of Centre 646.14 A$ 353.03-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,375.61 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.46 4.00-5.00

These data are based on 294 entries in the past 18 months from 50 different contributors.
Last update: August 2018

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