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.

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]

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 in Palm Bay-Melbourne-Titusville, FL (CBSA) (MEDLISPRI37340) from Jul 2016 to May 2025 about Palm Bay, FL, listing, median, price, and USA.

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

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.

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 May 2025 about Palm Bay, FL, 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

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

All-Transactions House Price Index for Palm Bay-Melbourne-Titusville, FL (MSA) was 459.58000 Index 1995 Q1=100 in October of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for Palm Bay-Melbourne-Titusville, FL (MSA) reached a record high of 459.58000 in October of 2024 and a record low of 62.09000 in April of 1980. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for Palm Bay-Melbourne-Titusville, FL (MSA) - last updated from the United States Federal Reserve on June of 2025.

Housing Inventory: Median Days on Market in Palm Bay-Melbourne-Titusville, FL (CBSA) was 61.00000 Level in April 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 May of 2025.

In December 2023, the Housing Consumer Price Index (CPI) in Melbourne, Australia reached 148.2 index points. The CPI for housing in Australia had experienced a sharp increase over the past year, with Melbourne rising just over 7 index points since December 2022.

Australia Consumer Price Index (CPI): Melbourne: Housing: Other: Property Rates & Charges data was reported at 179.800 2011-2012=100 in Mar 2025. This stayed constant from the previous number of 179.800 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Melbourne: Housing: Other: Property Rates & Charges data is updated quarterly, averaging 100.000 2011-2012=100 from Jun 1998 (Median) to Mar 2025, with 108 observations. The data reached an all-time high of 179.800 2011-2012=100 in Mar 2025 and a record low of 39.800 2011-2012=100 in Jun 1998. Australia Consumer Price Index (CPI): Melbourne: Housing: Other: Property Rates & Charges 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.

Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data was reported at 132.200 2011-2012=100 in Mar 2025. This records an increase from the previous number of 130.600 2011-2012=100 for Dec 2024. Australia Consumer Price Index (CPI): Melbourne: Housing: Rents data is updated quarterly, averaging 65.700 2011-2012=100 from Sep 1972 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 132.200 2011-2012=100 in Mar 2025 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.

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.

Graph and download economic data for Housing Inventory: Average Listing Price in Palm Bay-Melbourne-Titusville, FL (CBSA) (AVELISPRI37340) from Jul 2016 to May 2025 about Palm Bay, average, FL, listing, price, and USA.

The Australian commercial real estate market, valued at $34.07 billion in 2025, is projected to experience robust growth, with a compound annual growth rate (CAGR) of 8.46% from 2025 to 2033. This expansion is driven by several key factors. Strong population growth and urbanization in major cities like Sydney, Melbourne, and Brisbane are fueling demand for office, retail, and industrial spaces. The burgeoning e-commerce sector is significantly boosting demand for logistics and warehousing facilities, particularly in strategically located areas surrounding major urban centers. Furthermore, government initiatives promoting infrastructure development and attracting foreign investment are contributing positively to the market's overall health. The hospitality sector, while still recovering from the pandemic, shows signs of a steady uptick, driven by increased tourism and domestic travel. While rising interest rates and potential economic slowdowns pose some restraints, the underlying strength of the Australian economy and the long-term positive demographic trends are expected to outweigh these challenges. The market is segmented by property type (office, retail, industrial & logistics, hospitality, and other) and by city (Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth), with Sydney and Melbourne holding the largest market shares. Key players include Pact Construction, Mirvac, Pellicano Builders, Stockland, Frasers Property, and Lendlease, amongst others, actively shaping the market's landscape through development and investment. The forecast period (2025-2033) anticipates continued expansion across all segments. However, the growth trajectory might see some moderation in the later years depending on the global economic climate and national policy changes. The industrial and logistics sector is poised for particularly strong growth due to the sustained rise in e-commerce activity and supply chain optimization efforts. The office sector's growth might be influenced by the evolving work-from-home dynamics and the adoption of hybrid working models, potentially favoring flexible and high-quality office spaces. Retail real estate will likely witness dynamic shifts as consumer preferences evolve, with demand for experiential retail and specialized offerings gaining traction. Understanding these nuanced sector-specific trends is critical for investors and developers to successfully navigate the Australian commercial real estate market. Australia Commercial Real Estate Market: A Comprehensive Forecast 2019-2033 This insightful report provides a detailed analysis of the Australian commercial real estate market, covering the period 2019-2033. With a focus on key segments like office, retail, industrial and logistics, and hospitality, across major cities including Sydney, Melbourne, Brisbane, Adelaide, Canberra, and Perth, this report is crucial for investors, developers, and industry professionals seeking to navigate this dynamic market. The report utilizes data from the historical period (2019-2024), with the base year set at 2025, and forecasts extending to 2033. Key players like Stockland, Mirvac, Frasers Property, Lendlease Corporation, and Scentre Group Limited are analyzed, providing a comprehensive overview of market trends and future projections. The report offers valuable insights into market concentration, emerging trends, and growth catalysts, ultimately assisting informed decision-making within the Australian commercial real estate landscape. Key drivers for this market are: Rapid Urbanization, Government Initiatives Actively promoting the Construction Activities. Potential restraints include: Shortage of Skilled Labor, Supply chain issues and rising material costs. Notable trends are: Retail real estate is expected to drive the market.