In the metropolitan area of Melbourne, Australia, the preliminary median home price was approximately ******* Australian dollars in 2025. In 2024, the median house price was about ******* Australian dollars.

Graph and download economic data for Real Residential Property Prices for Australia (QAUR628BIS) from Q1 1970 to Q4 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 December 2024, it reached 976,800 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, with minor fluctuations in 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 April 2025. 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 10 percent increase from April 2024, 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 December quarter of 2024, the number of residential dwellings reached around 11.29 million, representing an increase of about 53,200 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, elevated mortgage interest rates in recent years 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.

Housing Index in Australia increased to 183.90 points in the fourth quarter of 2021 from 175.60 points in the third quarter of 2021. This dataset provides the latest reported value for - Australia House Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for All-Transactions House Price Index for Palm Bay-Melbourne-Titusville, FL (MSA) (ATNHPIUS37340Q) from Q4 1979 to Q1 2025 about Palm Bay, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

Sydney had the highest median house value compared to other capital cities in Australia as of April 2025, with a value of over **** million Australian dollars. Brisbane similarly had relatively high average residential housing values, passing Canberra and Melbourne to top the pricing markets for real estate across the country alongside Sydney. Housing affordability in Australia Throughout 2024, the average price of residential dwellings remained high across Australia, with several capital cities breaking price records. Rising house prices continue to be an issue for potential homeowners, with many low- and middle-income earners priced out of the market. In the fourth quarter of 2024, Australia’s house price-to-income ratio declined slightly to ***** index points. With the share of household income spent on mortgage repayments increasing alongside the disparity in supply and demand, inflating construction costs, and low borrowing capacity, the homeownership dream has become an unattainable prospect for the average person in Australia. Does the rental market offer better prospects? Renting for prolonged periods has become inevitable for many Australians due to the country’s largely inaccessible property ladder. However, record low vacancy rates and elevated median weekly house and unit rent prices within Australia’s rental market are making renting a less appealing prospect. In financial year 2024, households in the Greater Sydney metropolitan area reported spending around ** percent of their household income on rent.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Palm Bay-Melbourne-Titusville, FL (CBSA) (MEDLISPRIPERSQUFEE37340) from Jul 2016 to Jul 2025 about Palm Bay, square feet, FL, listing, median, price, and USA.

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.

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

Housing Inventory: Median Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) was -2.02% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 24.47 in February of 2022 and a record low of -7.45 in June of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

The dataset "aus_real_estate.csv" encapsulates comprehensive real estate information pertaining to Australia, showcasing diverse attributes essential for property assessment and market analysis. This dataset, comprising 5000 entries across 10 distinct columns, offers a detailed portrayal of various residential properties in cities across Australia.

The dataset encompasses crucial factors influencing property valuation and purchase decisions. The 'Price' column represents the property's cost, spanning a range between $100,000 and $2,000,000. Attributes such as 'Bedrooms' and 'Bathrooms' highlight the accommodation specifics, varying from one to five bedrooms and one to three bathrooms, respectively. 'SqFt' denotes the square footage of the properties, varying between 800 and 4000 square feet, elucidating their size and spatial dimensions.

The 'City' column encompasses major Australian urban centers, including Sydney, Melbourne, Brisbane, Perth, and Adelaide, delineating the geographical distribution of the properties. 'State' further categorizes the locations into New South Wales (NSW), Victoria (VIC), Queensland (QLD), Western Australia (WA), and South Australia (SA).

The dataset encapsulates temporal information through the 'Year_Built' attribute, spanning from 1950 to 2023, providing insights into the age and vintage of the properties. Moreover, property types are delineated within the 'Type' column, encompassing variations such as 'Apartment,' 'House,' and 'Townhouse.' The binary 'Garage' column signifies the presence (1) or absence (0) of a garage, while 'Lot_Area' provides an understanding of the land area, ranging from 1000 to 10,000 square feet.

This dataset offers a comprehensive outlook into the Australian real estate landscape, facilitating multifaceted analyses encompassing property valuation, market trends, and regional preferences. Its diverse attributes make it a valuable resource for researchers, analysts, and stakeholders within the real estate domain, enabling robust investigations and informed decision-making processes regarding property investments and market dynamics in Australia.

Housing Inventory: Median Listing Price per Square Feet in Palm Bay-Melbourne-Titusville, FL (CBSA) was 235.00000 U.S. $ in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 238.00000 in September of 2023 and a record low of 136.00000 in July of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

The qualitative data include: housing market experiences; how people choose and use their mortgages(as leverage for housing investments and as a way of spending from housing wealth); and home owners and buyers' attitudes to housing wealth. The data collection comprises 8 transcripts from 8 focus groups with a total of 73 participants, recruited by post, flier, and word of mouth. The interviews were conducted in mid-late 2007 in Melbourne, Australia. This data collection is the Australian component of a study aiming at enlarging understandings of the beliefs and behaviors around housing wealth and mortgage debt in the ‘home ownership’ societies of the more developed world. The data include: housing market experiences; how people choose and use their mortgages (as leverage for housing investments and as a way of spending from housing wealth); and home owners and buyers’ attitudes to housing wealth. This complements data already deposited from the UK component: the ESRC-funded study deposited as SN 5849 - 'Banking on housing; Spending the home'. This is a (one-time) cross-sectional study, with participants being mainly mortgaged home-buyers, but the study also includes renters and outright owners (some with investment properties). The data refer specifically to the Melbourne housing market, and more generally to trends in Australia. Focus groups with home owners, buyers and renters looking to own their own homes: (1) first-time buyers; (2) established home buyers;(3) established home buyers; (4) enters in the process of buying a home; (5) high income home occupiers; (6) buyers in mortgage stress; (7) home sellers; (8) outright owners. The time period covered by the data is the early 2000s, reflecting on a phase unprecedented house price appreciation. Participants were the result of non-random, purposive selection(volunteer sample).

The house price-to-income ratio in Australia was ***** as of the first quarter of 2025. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

Graph and download economic data for Housing Inventory: Median Days on Market in Palm Bay-Melbourne-Titusville, FL (CBSA) (MEDDAYONMAR37340) from Jul 2016 to Jul 2025 about Palm Bay, FL, median, and USA.

Housing Inventory: Median Days on Market in Palm Bay-Melbourne-Titusville, FL (CBSA) was 65.00000 Level in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Days on Market in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 75.00000 in June of 2020 and a record low of 29.00000 in May of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Days on Market in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

The Report Covers Residential Real Estate Market Size and It is Segmented by Type (Apartments and Condominiums, Villas, and Landed Houses) and Cities (Sydney, Perth, Melbourne, Brisbane, and Other Cities). The Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

Graph and download economic data for Housing Inventory: Price Increased Count in Palm Bay-Melbourne-Titusville, FL (CBSA) (PRIINCCOU37340) from Jul 2016 to Jul 2025 about Palm Bay, FL, price, and USA.

Key information about House Prices Growth

• Australia house prices grew 2.9% YoY in Dec 2024, following an increase of 5.8% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Sep 2004 to Dec 2024, with an average growth rate of 5.8%.
• 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.

Housing Inventory: Median Listing Price Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) was -0.21% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 4.79 in April of 2021 and a record low of -4.10 in July of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

In the fourth quarter of 2024, the house price-to-rent ratio in Australia was estimated at *****, marking a decrease from the same quarter of the previous year. An indicator of how strong the property market is, the house price-to-rent ratio was calculated by dividing nominal house prices by rent price indices. Within the given period, after reaching a peak in the first quarter of 2022, the price-to-rent ratio decreased each quarter until the second quarter of 2023. From then on, the house price-to-rent ratio fluctuated, but largely trended downwards. Is Australia in a property bubble? Many industry experts believe the country is in a property bubble, indicated by the rapid increase in Australian property market prices to the point that they are no longer relative to incomes and rents, followed by a decline. The house price-to-income ratio was on an upward trend between the third quarter of 2022 and the second quarter of 2024. Nonetheless, after hitting its peak, it declined to ***** in the fourth quarter of 2024. Rental property demand In March 2025, the rental vacancy rate, which indicates how many properties are available for rent out of all the rental stock, was relatively high in Melbourne, Canberra, and Sydney. That year, the average weekly rent prices varied across the country depending on the city, with the highest average weekly rents for houses and units in Sydney. Hobart, on the other hand, had the most affordable rental properties across Australia's capital cities.