Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.59
Mortgage as Percentange of Income: 64.43%
Loan Affordability Index: 1.55
Price to Rent Ratio - City Centre: 22.60
Price to Rent Ratio - Outside of Centre: 24.46
Gross Rental Yield (City Centre): 4.43%
Gross Rental Yield (Outside of Centre): 4.09%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,756.86 A$ 1,434.78-2,173.00
Apartment (1 bedroom) Outside of Centre 1,312.03 A$ 1,000.00-1,623.00
Apartment (3 bedrooms) in City Centre 3,016.67 A$ 2,100.00-3,913.04
Apartment (3 bedrooms) Outside of Centre 2,007.54 A$ 1,500.00-2,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 788.01 A$ 650.32-1,114.83
Price per Square Feet to Buy Apartment Outside of Centre 606.52 A$ 334.45-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,371.12 A$
Mortgage Interest Rate in Percentages (%), Yearly 4.37 3.90-5.00

These data are based on 275 entries in the past 12 months from 47 different contributors.
Last update: July 2017

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