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Property Prices in Melbourne, Australia
| Index |  |
|---|---|
| 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$ | |
| Apartment (1 bedroom) Outside of Centre | 1,327.91 A$ | |
| Apartment (3 bedrooms) in City Centre | 3,202.57 A$ | |
| Apartment (3 bedrooms) Outside of Centre | 2,088.46 A$ | |
| Buy Apartment Price | [ Edit ] | |
| Price per Square Feet to Buy Apartment in City Centre | 812.54 A$ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 653.89 A$ | |
| 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 |
These data are based on 258 entries in the past 18 months from 47 different contributors.
Last update: May 2018
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