Property Prices in Melbourne, Australia

Index Info
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$ 1,344.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,283.94 A$ 1,000.00-1,695.00
Apartment (3 bedrooms) in City Centre 3,043.10 A$ 2,000.00-4,000.00
Apartment (3 bedrooms) Outside of Centre 1,940.90 A$ 1,500.00-2,800.00
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 607.89 A$ 334.45-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,259.61 A$
Mortgage Interest Rate in Percentages (%), Yearly 4.34 3.85-5.00

These data are based on 250 entries in the past 12 months from 44 different contributors.
Last update: September 2017

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