Melbourne property market
Insider knowledge for smart investors
Get valuable insights into the Melbourne property market to help make the best property investment decision for you.
If you’re thinking about investing in Melbourne property, understanding the local market is essential before you make an investment decision.
We are experts in the Melbourne property market and constantly analyse trends and forecasts to offer the highest quality insights for your purchase.
Melbourne is one of Australia’s major capital cities and the second-most populous city in the country. Being home to some of the nation’s best-known cultural institutions and major sporting events, Melbourne attracts people from all over the world and is steadily growing in population.
Median sale price
Median rental price
Melbourne’s property market is a two-sided coin. House prices are slowing in some areas of the city, while other suburbs are enjoying significant increases in property value.
Average house price growth is being dragged down by a decline in the value of Melbourne’s most expensive homes. This is likely due to tougher lending criteria and hiked rates by the banks, meaning that people can no longer afford large loans and are required to bring a higher deposit to the table.
Homes in the lower quartile of value across the Melbourne market (in other words, cheaper houses and units) are holding firm and in certain areas showing significant increases year on year. There are still excellent prospects for investors, by focusing on affordable homes in the right area.
Dwellings in expensive inner city locations are slowing in growth. The demand for property is instead rippling outwards towards more affordable areas of the city such as Melbourne’s outer northern and western suburbs.
Lower cost homes in Melbourne have risen an average of 6% in value over the past year
Rental rates are growing in Melbourne by an average annual rate of 2.9%
Melbourne’s population is currently growing at +2.7% per year, compared to +1.8% for Sydney. People coming to the city all need homes to live in. They also need schools, transport, amenities and infrastructure, meaning that Melbourne benefits from a range of investments and new businesses. This is a good sign for Melbourne’s economy and housing market.
The key to a smart financial investment in Melbourne in this climate is to gain insights on which suburbs are expected to grow and which kind of property to invest in.
Spend an hour with a property expert to explore which investment option is best for you.
Australia’s housing market is made up of lots of micro-markets across cities and suburbs. There are dozens of factors that impact these markets, including infrastructure, economy, population and job availability, and local developments such as new schools, businesses and amenities. We conduct in-depth research to find the next high growth areas for your investment.
The best way to find out which area is most suited to you and your financial goals is to speak with one of our advisers with our free personalised advice service. You’ll receive a comprehensive investment report tailored to your personal financial circumstances and goals. This includes the type of investment that suits you, where you could buy, and how much you could expect to profit.