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Property Prices in Melbourne, Australia
| Index |  |
|---|---|
| Price to Income Ratio: | 8.59 |
| Mortgage as Percentange of Income: | 64.43% |
| Loan Affordability Index: | 1.55 |
| Price to Rent Ratio - City Centre: | 22.60 |
| Price to Rent Ratio - Outside of Centre: | 24.46 |
| Gross Rental Yield (City Centre): | 4.43% |
| Gross Rental Yield (Outside of Centre): | 4.09% |
| Rent Per Month | [ Edit ] | Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,756.86 A$ | |
| Apartment (1 bedroom) Outside of Centre | 1,312.03 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,016.67 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,007.54 A$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 788.01 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 606.52 A$ | |
| Salaries And Financing | [ Edit ] | |
| Average Monthly Net Salary (After Tax) | 4,371.12 A$ | |
| Mortgage Interest Rate in Percentages (%), Yearly | 4.37 |
These data are based on 275 entries in the past 12 months from 47 different contributors.
Last update: July 2017
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