The CBD is Melbourne's business and financial centre home to a wide range of retail, financial, administralitve and entertainment services. Federation Square is Melbourne's major public square hosting arts and cultural events and is home to the Ian Potter Centre and the Australian Centre for the Moving Image. The area also features the Royal Botanic Gardens, Kings Domain, Queen Victoria Gardens and Alexandra Gardens. To the east are Olympic Park and Melbourne Park that host a variety of sporting and entertainment events.
Median data for March Quarter 2024. Click here for details.
Median Sale Price
n/a
Metro Melbourne
$925k
Annual Price Change
-7.5%
Median Rent
$600
$550
Rental Yield
3.1%
$490k
$635k
Quarterly Price Change
-5.8%
0.3%
$625
$520
6.6%
4.3%
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