Property Prices in Melbourne, Australia

Index Info
Price to Income Ratio: 8.44
Mortgage as Percentange of Income: 62.97%
Loan Affordability Index: 1.59
Price to Rent Ratio - City Centre: 22.11
Price to Rent Ratio - Outside of Centre: 24.59
Gross Rental Yield (City Centre): 4.52%
Gross Rental Yield (Outside of Centre): 4.07%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,741.33 A$ 1,500.00-2,166.00
Apartment (1 bedroom) Outside of Centre 1,295.93 A$ 1,000.00-1,600.00
Apartment (3 bedrooms) in City Centre 3,069.31 A$ 2,300.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 2,033.27 A$ 1,500.00-2,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 773.08 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 ]
Average Monthly Net Salary (After Tax) 4,407.55 A$
Mortgage Interest Rate in Percentages (%), Yearly 4.30 3.85-5.00

These data are based on 296 entries in the past 12 months from 54 different contributors.
Last update: May 2017

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