Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 9.90
Mortgage as Percentage of Income: 75.66%
Loan Affordability Index: 1.32
Price to Rent Ratio - City Centre: 22.73
Price to Rent Ratio - Outside of Centre: 28.03
Gross Rental Yield (City Centre): 4.40%
Gross Rental Yield (Outside of Centre): 3.57%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,153.16 A$ 1,600.00-2,735.00
Apartment (1 bedroom) Outside of Centre 1,736.23 A$ 1,200.00-2,237.00
Apartment (3 bedrooms) in City Centre 3,958.39 A$ 3,000.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,657.25 A$ 1,900.00-3,350.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,001.75 A$ 789.67-1,207.73
Price per Square Feet to Buy Apartment Outside of Centre 919.94 A$ 557.41-1,161.28
Salaries And Financing
Average Monthly Net Salary (After Tax) 5,222.35 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.57 2.53-5.75

These data are based on 367 entries in the past 18 months from 78 different contributors.
Last update: March 2023

Sources and References
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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?