🇦🇺 AU · Victoria
Melbourne.
Where the housing market sits.
Australia's second city — population growth tailwinds offset by state stamp duty headwinds and a famously bifurcated inner/outer market.
Updated 4m ago
Latest data: 2026-04-01
ABS RPPI Melbourne · RBA · 2021 Census
City gauges
Affordability
10
Extreme — bottom decile
0 · Most expensive100 · Most affordable
- Median price (AUD)
- A$850,000City-level median home price, source-specific (see below).
- Median household income (AUD)
- A$91,000Most recent published metro-level median household income.
- Mortgage payment burden
- 56.1%30-year amortized payment at current AU rates as a share of median household income.
Momentum
20
Extreme — bottom decile
0 · Cooling/declining100 · Running hot
- Year-over-year price change
- +1.2%Latest available city-level YoY HPI delta.
- Months of supply
- —Active listings divided by trailing-three-month sales pace.
- Days on market
- —Median days from listing to under contract.
Regime · What the gauges say together
Expensive stagnation
Unaffordable and prices not rising in real terms.
Unaffordable, but no longer rising.
Context
| Real price growth (3-mo annualized) | -12.88% |
| Headline mortgage rate | 6.4% |
| CPI year-over-year | 3.47% |
| Leading equity indicators (homebuilders/REITs) | -9.8% avg vs 200-day MA · breadth 0/3 |
Data sources for Melbourne
- ABS Residential Dwellings (RES_DWELL) — established house medians
- ABS CPI
- RBA tables F1.1 / F6
Full source documentation on /data-sources.
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