Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.23
Mortgage as Percentange of Income: 61.64%
Loan Affordability Index: 1.62
Price to Rent Ratio - City Centre: 22.52
Price to Rent Ratio - Outside of Centre: 23.43
Gross Rental Yield (City Centre): 4.44%
Gross Rental Yield (Outside of Centre): 4.27%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 1,741.75 A$ 1,500.00-2,166.00
Apartment (1 bedroom) Outside of Centre 1,274.08 A$ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 2,962.21 A$ 2,000.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,002.64 A$ 1,450.00-2,800.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 775.15 A$ 613.15-1,045.15
Price per Square Feet to Buy Apartment Outside of Centre 570.57 A$ 353.03-836.12
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 4,401.72 A$
Mortgage Interest Rate in Percentages (%), Yearly 4.35 3.85-5.00

These data are based on 316 entries in the past 12 months from 54 different contributors.
Last update: March, 2017

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