In the metropolitan area of Melbourne, Australia, the median home price was approximately 860,000 Australian dollars in the year 2023. In 2022, the median house price was about 890,000 Australian dollars.

Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q3 2024 about Australia, residential, HPI, housing, real, price index, indexes, and price.

The average price of Australian residential property has risen over the past ten years, and in September 2024, it reached a new high of 985,900 Australian dollars. Nonetheless, property experts in Australia have indicated that the country has been in a property bubble over the past decade, with some believing the market will collapse sometime in the near future. Property prices started declining in 2022; however, a gradual upward trend was witnessed throughout 2023 and 2024. Australian capital city price differences While the national average residential property price has exhibited growth, individual capital cities display diverse trends, highlighting the complexity of Australia’s property market. Sydney maintains its position as the most expensive residential property market across Australia's capital cities, with a median property value of approximately 1.19 million Australian dollars as of December 2024. Brisbane has emerged as an increasingly pricey capital city for residential property, surpassing both Canberra and Melbourne in median housing values. Notably, Perth experienced the most significant annual increase in its average residential property value, with a 19.1 percent increase from December 2023, despite being a comparably more affordable market. Hobart and Darwin remain the most affordable capital cities for residential properties in the country. Is the homeownership dream out of reach? The rise in property values coincides with the expansion of Australia's housing stock. In the September quarter of 2024, the number of residential dwellings reached around 11.25 million, representing an increase of about 53,100 dwellings from the previous quarter. However, this growth in housing supply does not necessarily translate to increased affordability or accessibility for many Australians. The country’s house prices remain largely disproportional to income, leaving the majority of low and middle-income earners priced out of the market. Alongside this, hikes in mortgage interest rates have made taking out a loan increasingly unappealing for many potential property owners, and the share of mortgage holders at risk of mortgage repayment stress has continued to climb.

Key information about House Prices Growth

• Australia house prices grew 6.6% YoY in Sep 2024, following an increase of 6.7% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Sep 2024, with an average growth rate of 6.0%.
• House price data reached an all-time high of 24.1% in Dec 2021 and a record low of -6.1% in Mar 2019.

CEIC calculates quarterly House Price Index Growth from quarterly Residential Dwellings: Mean Price of Eight Capital Cities. The Australian Bureau of Statistics provides Residential Dwellings: Mean Price of Eight Capital Cities in local currency. House Price Index Growth prior to Q3 2012 is calculated from Residential Property Price Index: Weighted Average of Eight Capital Cities.

Median prices for dwellings/townhouses, and apartments by their year of settlement for the City of Melbourne.

The Outlook of the Australian Commercial Property Market Report is Segmented by Type (office, Retail, Industrial and Logistics, Hospitality, and Other Types) and by Key Cities (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

CoreLogic Dwelling Prices MoM in Australia increased to 0.30 percent in February from 0 percent in January of 2025. This dataset includes a chart with historical data for Australia CoreLogic Dwelling Prices MoM.

Melbourne is currently experiencing a housing bubble (some experts say it may burst soon). Maybe someone can find a trend or give a prediction? Which suburbs are the best to buy in? Which ones are value for money? Where's the expensive side of town? And more importantly where should I buy a 2 bedroom unit?

Content & Acknowledgements

This data was scraped from publicly available results posted every week from Domain.com.au, I've cleaned it as best I can, now it's up to you to make data analysis magic. The dataset includes Address, Type of Real estate, Suburb, Method of Selling, Rooms, Price, Real Estate Agent, Date of Sale and distance from C.B.D.

....Now with extra data including including property size, land size and council area, you may need to change your code!

Some Key Details

Suburb: Suburb

Address: Address

Rooms: Number of rooms

Price: Price in dollars

Method: S - property sold; SP - property sold prior; PI - property passed in; PN - sold prior not disclosed; SN - sold not disclosed; NB - no bid; VB - vendor bid; W - withdrawn prior to auction; SA - sold after auction; SS - sold after auction price not disclosed. N/A - price or highest bid not available.

Type: br - bedroom(s); h - house,cottage,villa, semi,terrace; u - unit, duplex; t - townhouse; dev site - development site; o res - other residential.

SellerG: Real Estate Agent

Date: Date sold

Distance: Distance from CBD

Regionname: General Region (West, North West, North, North east ...etc)

Propertycount: Number of properties that exist in the suburb.

Bedroom2 : Scraped # of Bedrooms (from different source)

Bathroom: Number of Bathrooms

Car: Number of carspots

Landsize: Land Size

BuildingArea: Building Size

YearBuilt: Year the house was built

CouncilArea: Governing council for the area

Lattitude: Self explanitory

Longtitude: Self explanitory

Graph and download economic data for Housing Inventory: Median Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) (MEDLISPRIYY37340) from Jul 2017 to Feb 2025 about Palm Bay, FL, listing, median, price, and USA.

Residential house prices across the capital cities in Australia increased by 23.7 percent through the year to December 2021. Housing affordability in Australia remains a highly political topic with many prospective home buyers feeling priced out of the market.

Graph and download economic data for Housing Inventory: Price Increased Count Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) (PRIINCCOUYY37340) from Jul 2017 to Feb 2025 about Palm Bay, FL, price, and USA.

Graph and download economic data for Market Hotness: Page View Count per Property Versus the United States in Palm Bay-Melbourne-Titusville, FL (CBSA) (LDPEPRVSUSMSA37340) from Aug 2017 to Feb 2025 about Palm Bay, FL, listing, and USA.

In December 2024, commercial property sale asking prices were forecasted to witness a decrease of around 0.86 percent. Within the given time period, the largest growth in commercial property asking prices was recorded in June 2021.

The Retirement Living Market in Australia is Segmented by Property Type (Assisted Living, Independent Living, Memory Care, and Nursing Care) and by Cities (Sunshine Coast, Hobart, Melbourne, Perth, South Coast, and Other Cities). The market size and forecast are provided in terms of value (USD billion) for all the above segments.

This details the boundaries of all properties within the City of Melbourne. A boundary is described as a division between adjacent political entities, tracts of private land, or geographic zones. Boundary lines may be imaginary lines, physical features that follow those lines, or the graphical representation of those lines on a map. Boundary lines between privately owned land parcels are usually called property lines.

Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data was reported at 130.600 2011-2012=100 in Dec 2024. This records an increase from the previous number of 129.800 2011-2012=100 for Sep 2024. Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data is updated quarterly, averaging 65.550 2011-2012=100 from Sep 1972 (Median) to Dec 2024, with 210 observations. The data reached an all-time high of 130.600 2011-2012=100 in Dec 2024 and a record low of 10.600 2011-2012=100 in Sep 1972. Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I007: Consumer Price Index: 2011-12=100: Eight Capital Cities.

The global mortgage broker market is experiencing robust growth, driven by increasing demand for housing, particularly in rapidly developing economies, and the rising complexity of mortgage products. The market's size in 2025 is estimated at $150 billion, reflecting a significant expansion from previous years. This substantial growth is projected to continue at a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching an estimated $250 billion by 2033. Several factors contribute to this positive outlook. Firstly, the ongoing shift towards online mortgage applications and the rise of fintech companies offering streamlined services are making the process more accessible and efficient for consumers. Secondly, the increasing prevalence of remortgaging, driven by fluctuating interest rates and the desire for better mortgage terms, fuels demand for broker services. Finally, the diversification of mortgage products catering to various needs and financial situations further increases the reliance on mortgage brokers' expertise in navigating this complex landscape. However, market growth is not without challenges. Regulatory changes and increasing competition among mortgage brokers and lenders pose potential restraints. Furthermore, economic downturns can significantly impact the housing market and consequently, the demand for mortgage brokerage services. The market segmentation reveals strong growth in both the charge-based and free-based services, with the buy-to-let segment demonstrating particularly robust expansion. Geographical distribution shows North America and Europe currently dominating the market share, although growth in Asia-Pacific is projected to accelerate significantly over the forecast period, driven by burgeoning urbanization and rising disposable incomes. The success of key players like Mortgage Broker Melbourne, Associated Mortgage Group, and Habito underscores the importance of effective branding, technological adoption, and a robust client service model in securing a competitive edge.

Retail property operators have endured highly volatile trading conditions in the past five years. Online shopping’s immense popularity has constrained demand for traditional bricks-and-mortar locations. This reduced demand for physical shopping has presented an issue for retail property operators despite a boost in overall demand for retail trade. With lower in-person sales, some retailers have reduced their instore presence and opted for an increased digital presence. This strategy minimises rent costs for these companies and minimises wage costs, as they no longer need to keep as many retail assistants on the books. Retailers have also had to contend with increasing interest rates, putting pressure on households and resulting in reduced spending on non-essential retailing. However, relief may be on the horizon as business confidence and consumer sentiment are forecast to recover. Some models imply that the worst inflation rates are behind us and that a rate cut may occur in early 2025. In the past, sustained periods of low interest rates have supported the development and supply of retail properties for operators to purchase and lease. However, these periods of affordable loans have given way to increased rates, stifling investment and reducing the number of new properties available. Compared to an abnormally low base year of 2019-20, industry revenue is expected to grow at an annualised 4.7% through the end of 2024-25 and total $42.7 billion, down by an anticipated 0.3% on the previous year. Profit margins have also declined alongside revenue. In the coming years, online shopping will continue to take market share from physical locations, reducing revenue for the Retail Property Operators industry by a forecast annualised 1.1% for the five years through 2029-30, leaving revenue at an estimated $40.4 billion. Retail property managers will be able to mitigate some of the impacts of online shopping growth by focusing on tenants that can’t sell their products or services online, like gyms, beauty salons or wine bars.

Mortgage Rate in Australia increased to 6.15 percent in January from 6.13 percent in December of 2024. This dataset includes a chart with historical data for Australia Mortgage Rate.

Rent Inflation in Australia decreased to 6.40 percent in the fourth quarter of 2024 from 6.70 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia Rent Inflation.