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Property Prices in Melbourne, Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 8.76 |
| Mortgage as Percentange of Income: | 65.56% |
| Loan Affordability Index: | 1.53 |
| Price to Rent Ratio - City Centre: | 22.39 |
| Price to Rent Ratio - Outside of Centre: | 25.17 |
| Gross Rental Yield (City Centre): | 4.47% |
| Gross Rental Yield (Outside of Centre): | 3.97% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,734.53 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,283.94 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,043.10 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 1,940.90 A$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 778.06 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 607.89 A$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 4,259.61 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly | 4.34 |
These data are based on 250 entries in the past 12 months from 44 different contributors.
Last update: September 2017
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