Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 9.34
Mortgage as Percentange of Income: 70.61%
Loan Affordability Index: 1.42
Price to Rent Ratio - City Centre: 22.45
Price to Rent Ratio - Outside of Centre: 25.90
Gross Rental Yield (City Centre): 4.45%
Gross Rental Yield (Outside of Centre): 3.86%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,773.99 A$ 1,400.00-2,100.00
Apartment (1 bedroom) Outside of Centre 1,352.49 A$ 1,000.00-1,750.00
Apartment (3 bedrooms) in City Centre 3,212.17 A$ 2,200.00-4,200.00
Apartment (3 bedrooms) Outside of Centre 2,076.61 A$ 1,500.60-3,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 809.41 A$ 650.32-1,114.83
Price per Square Feet to Buy Apartment Outside of Centre 663.18 A$ 353.03-836.12
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 4,243.79 A$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.45 4.00-5.00

These data are based on 239 entries in the past 18 months from 42 different contributors.
Last update: February 2018

Sources and References: Info
No sources and references provided yet.
Add new source here:
Sign up for our newsletter:
Your email address:
Leave a comment:
Your name: Sign In
Your email address (optional):
Your comment (no HTML):

0 Comments so far