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.

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 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.

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.

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

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 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.

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 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.

In the metropolitan area of Melbourne, Australia, the preliminary median sales price of units or apartments was approximately ******* Australian dollars in the year 2025. In 2024, the median price for units or apartments was about ******* Australian dollars.

Key information about Australia Gold Production

• Australia Real Residential Property Price Index was reported at 134.266 2010=100 in Sep 2024.
• This records an increase from the previous number of 132.982 2010=100 for Jun 2024.
• Australia Real Residential Property Price Index data is updated quarterly, averaging 49.675 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 141.875 2010=100 in Mar 2022 and a record low of 31.307 2010=100 in Mar 1970.
• Australia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

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.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) was -0.75% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 7.17 in April of 2021 and a record low of -1.99 in July of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

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: Price Increased Count in Palm Bay-Melbourne-Titusville, FL (CBSA) (PRIINCCOU37340) from Jul 2016 to Jul 2025 about Palm Bay, FL, price, and USA.

Housing Inventory: Average Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) was -1.71% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Average Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 30.79 in February of 2022 and a record low of -9.96 in March of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Average Listing Price Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

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.