🇦🇺 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 20h ago
Latest data: 2025-10-01
ABS RPPI Melbourne · RBA · 2021 Census
Melbourne sits in Bubble Watch — unaffordable and still climbing. Affordability scores 5/100 and momentum 67/100.
City gauges
Affordability
5
Extreme — bottom decile
0 · Most expensive100 · Most affordable
- Median price (AUD)
- A$800,000City-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
- 51.1%30-year amortized payment at current rates as a share of median household income.
Momentum
67
Above average
0 · Cooling/declining100 · Running hot
- Year-over-year price change
- +0.0%Latest available city-level YoY HPI delta.
- Months of supply
- —Not yet sourced for this market — see methodology.
- Days on market
- —Not yet sourced for this market — see methodology.
Regime · What the gauges say together
Bubble watch
Unaffordable and still appreciating in real terms.
Unaffordable, and still climbing.
Context
| Real price growth (3-mo annualized) | +12.86% |
| Headline mortgage rate | 6.1% |
| CPI year-over-year | 1.02% |
| Leading equity indicators (homebuilders/REITs) | -4.1% avg vs 200-day MA · breadth 0/3 |
Data sources for Melbourne
- CoreLogic Daily HVI
- Domain auction clearance
- REIV market reports
Full source documentation on /data-sources.
Other cities in Australia