Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.94
Mortgage as Percentange of Income: 67.33%
Loan Affordability Index: 1.49
Price to Rent Ratio - City Centre: 22.50
Price to Rent Ratio - Outside of Centre: 26.10
Gross Rental Yield (City Centre): 4.45%
Gross Rental Yield (Outside of Centre): 3.83%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,726.40 A$ 1,400.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,274.01 A$ 1,000.00-1,695.00
Apartment (3 bedrooms) in City Centre 3,027.02 A$ 2,100.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,931.30 A$ 1,500.00-2,700.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 778.06 A$ 650.32-1,045.15
Price per Square Feet to Buy Apartment Outside of Centre 626.09 A$ 334.45-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,225.93 A$
Mortgage Interest Rate in Percentages (%), Yearly, Fixed-Rate 4.40 4.00-5.00

These data are based on 234 entries in the past 18 months from 40 different contributors.
Last update: November 2017

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