NUMBEO

Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.42
Mortgage as Percentange of Income: 62.90%
Loan Affordability Index: 1.59
Price to Rent Ratio - City Centre: 22.48
Price to Rent Ratio - Outside of Centre: 24.62
Gross Rental Yield (City Centre): 4.45%
Gross Rental Yield (Outside of Centre): 4.06%
Rent Per Month [ Edit ] Avg. Range
Apartment (1 bedroom) in City Centre 1,742.36 A$ 1,500.00-2,166.00
Apartment (1 bedroom) Outside of Centre 1,291.94 A$ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,045.17 A$ 2,000.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,035.66 A$ 1,500.00-2,800.00
Buy Apartment Price [ Edit ] Avg.
Price per Square Feet to Buy Apartment in City Centre 783.48 A$ 650.32-1,045.15
Price per Square Feet to Buy Apartment Outside of Centre 608.51 A$ 353.03-836.12
Salaries And Financing [ Edit ] Avg.
Average Monthly Net Salary (After Tax) 4,449.32 A$
Mortgage Interest Rate in Percentages (%), Yearly 4.31 3.85-5.00

These data are based on 300 entries in the past 12 months from 55 different contributors.
Last update: April, 2017

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