Property Prices in Melbourne, Australia

Index
Price to Income Ratio:	8.81
Mortgage as Percentage of Income:	60.19%
Loan Affordability Index:	1.66
Price to Rent Ratio - City Centre:	24.81
Price to Rent Ratio - Outside of Centre:	27.61
Gross Rental Yield (City Centre):	4.03%
Gross Rental Yield (Outside of Centre):	3.62%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,792.27 A$	1,500.00-2,200.00
Apartment (1 bedroom) Outside of Centre	1,402.79 A$	1,000.00-1,690.00
Apartment (3 bedrooms) in City Centre	3,329.17 A$	2,800.00-4,000.00
Apartment (3 bedrooms) Outside of Centre	2,286.83 A$	1,870.00-3,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	914.35 A$	836.12-1,114.83
Price per Square Feet to Buy Apartment Outside of Centre	751.77 A$	650.32-929.02
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	5,090.59 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.29	2.50-4.00

These data are based on 323 entries in the past 18 months from 55 different contributors.
Last update: January 2021

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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
FrançaisPrix de l'immobilier à Melbourne
EspañolPrecios de Inmuebles en Melbourne

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2 Comments so far

may on Jun 22, 2020:

Rent per month : How much rent per month if 2 bedrooms apartment in City Centre?

James Tan on Jan 22, 2019:

What is the price of land (per sq ft) at Swanston Street?