Property Prices in Melbourne, Australia

Index
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	Edit
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	Edit
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

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Nearby cities:

Property Prices in Ballarat	71.73 miles
Property Prices in Wangaratta	149.91 miles
Property Prices in Albury	195.47 miles

This page in other languages:

DeutschImmobilienpreise in Melbourne

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ItalianoPrezzi delle proprietà immobiliari a Melbourne

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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?