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 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.

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.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) (MEDLISPRIPERSQUFEEYY37340) from Jul 2017 to Jun 2025 about Palm Bay, square feet, FL, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) (MEDLISPRI37340) from Jul 2016 to Jun 2025 about Palm Bay, FL, listing, median, price, and USA.

The house price-to-income ratio in Australia was ***** as of the fourth quarter of 2024. 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.

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 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.

Australia Housing Affordability Index: Victoria: Melbourne data was reported at 97.300 Index in Jun 2010. This records a decrease from the previous number of 104.200 Index for Mar 2010. Australia Housing Affordability Index: Victoria: Melbourne data is updated quarterly, averaging 152.932 Index from Sep 1984 (Median) to Jun 2010, with 104 observations. The data reached an all-time high of 237.395 Index in Sep 1997 and a record low of 97.300 Index in Jun 2010. Australia Housing Affordability Index: Victoria: Melbourne data remains active status in CEIC and is reported by Housing Industry Association. The data is categorized under Global Database’s Australia – Table AU.EB019: Housing Affordability Index: Based on Commonwealth Bank of Australia Home Price (Discontinued). Rebased Index. Replacement series ID: 305195301

Housing Inventory: Median Listing Price per Square Feet in Palm Bay-Melbourne-Titusville, FL (CBSA) was 237.00000 U.S. $ in April 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 135.41667 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 June of 2025.

This statistic shows median price for a one-bedroom apartment in Melbourne, Australia in 2015/2016, by region. That year, the median price for a one-bedroom apartment in Outer Melbourne was ******* Australian dollars.

Graph and download economic data for Housing Inventory: Average Listing Price Month-Over-Month in Palm Bay-Melbourne-Titusville, FL (CBSA) (AVELISPRIMM37340) from Jul 2017 to Jun 2025 about Palm Bay, average, FL, listing, price, and USA.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) was -1.10% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 24.65 in March of 2022 and a record low of -3.65 in April of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) was 389000.00000 U.S. $ in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 417000.00000 in June of 2022 and a record low of 250000.00000 in July of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) was 510519.00000 U.S. $ in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) reached a record high of 574065.00000 in May of 2022 and a record low of 337604.00000 in July of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Average Listing Price 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.

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.