Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.99
Mortgage as Percentange of Income: 67.92%
Loan Affordability Index: 1.47
Price to Rent Ratio - City Centre: 21.66
Price to Rent Ratio - Outside of Centre: 24.30
Gross Rental Yield (City Centre): 4.62%
Gross Rental Yield (Outside of Centre): 4.12%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,842.15 A$ 1,400.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,453.95 A$ 1,086.96-1,770.00
Apartment (3 bedrooms) in City Centre 3,448.93 A$ 2,500.00-4,333.00
Apartment (3 bedrooms) Outside of Centre 2,192.41 A$ 1,600.00-3,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 823.36 A$ 650.32-975.47
Price per Square Feet to Buy Apartment Outside of Centre 663.80 A$ 353.03-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,453.03 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.45 4.00-5.00

These data are based on 318 entries in the past 18 months from 57 different contributors.
Last update: November 2018

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