Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 9.11
Mortgage as Percentange of Income: 68.90%
Loan Affordability Index: 1.45
Price to Rent Ratio - City Centre: 22.80
Price to Rent Ratio - Outside of Centre: 25.76
Gross Rental Yield (City Centre): 4.39%
Gross Rental Yield (Outside of Centre): 3.88%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,740.62 A$ 1,300.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,327.91 A$ 1,000.00-1,750.00
Apartment (3 bedrooms) in City Centre 3,202.57 A$ 2,173.91-4,333.00
Apartment (3 bedrooms) Outside of Centre 2,088.46 A$ 1,500.00-2,956.52
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 812.54 A$ 650.32-1,114.83
Price per Square Feet to Buy Apartment Outside of Centre 653.89 A$ 343.74-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,333.53 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.46 4.00-5.00

These data are based on 258 entries in the past 18 months from 47 different contributors.
Last update: May 2018

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