Victorian Insights

An overview of the Victorian real estate market. Data insights provided by the REIV are based on information sourced directly from real estate professionals operating in the market. The most credible and reliable insight into Victorian real estate.

Market Insights – Metropolitan Melbourne

Updated quarterly, these are property market indicators for the Melbourne Metropolitan region, covering 31 municipalities.

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Median data for March Quarter 2024. Click here for details.

Metropolitan Melbourne

$929k

Median Sale Price

2.0%

Quarterly Price Change

$550

Median Rent

3.1%

Rental Yield

Sales Data

Insight (Houses & Units) Metro
Clearance Rate 75.3%
Days on Market 40
Median price by Bedrooms Metro
2 Bedrooms $920,000
3 Bedrooms $810,000
4 Bedrooms $965,000

Rental Data

Median rent by Bedrooms Metro
2 Bedrooms $550
3 Bedrooms $520
4 Bedrooms $575

Median data for March Quarter 2024. Click here for details.

Metropolitan Melbourne

$635k

Median Sale Price

0.3%

Quarterly Price Change

$520

Median Rent

4.3%

Rental Yield

Sales Data

Insight (Houses & Units) Metro
Clearance Rate 75.3%
Days on Market 40
Median price by Bedrooms Metro
1 Bedroom $370,000
2 Bedrooms $600,000
3 Bedrooms $855,000

Rental Data

Median rent by Bedrooms Metro
1 Bedroom $450
2 Bedrooms $540
3 Bedrooms $620

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Market Insights – Regional Victoria

A consolidated overview of property market trends in regional Victoria, excluding the Melbourne metropolitan region.

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Median data for March Quarter 2024. Click here for details.

Regional Victoria

$605k

Median Sale Price

-1.5%

Quarterly Price Change

$450

Median Rent

3.9%

Rental Yield

Sales Data

Insight (Houses & Units) Regional
Clearance Rate 58.1%
Days on Market 60
Median price by Bedrooms Regional
2 Bedrooms $425,000
3 Bedrooms $535,000
4 Bedrooms $712,500

Rental Data

Median rent by Bedrooms Regional
2 Bedrooms $370
3 Bedrooms $435
4 Bedrooms $500

Median data for March Quarter 2024. Click here for details.

Regional Victoria

$418k

Median Sale Price

0.2%

Quarterly Price Change

$370

Median Rent

4.6%

Rental Yield

Sales Data

Insight (Houses & Units) Regional
Clearance Rate 58.1%
Days on Market 60
Median price by Bedrooms Regional
1 Bedroom $269,000
2 Bedrooms $387,500
3 Bedrooms $515,020

Rental Data

Median rent by Bedrooms Regional
1 Bedroom $280
2 Bedrooms $360
3 Bedrooms $450

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