Melbourne — Deep Dive
Value Emerging in Australia's Second City
Inner (Fitzroy, South Yarra)
Cultural heart of Melbourne. Heritage homes and lifestyle premium. Strong owner-occupier demand.
East (Box Hill, Glen Waverley)
Top school zones drive prices. Strong Asian-Australian community and consistent demand from upgraders.
Outer West (Melton, Werribee)
Fastest growth suburbs. New estates, improving rail connectivity, and first-home buyer incentives.
Melbourne Median House Price
A$ · 2019–2025
Melbourne Suburb Price Comparison
Median House Price by Suburb Group
Weakest Capital City
Melbourne's +2% YoY growth lags all other major capitals. Land tax reforms and oversupply in CBD apartments are creating investor hesitation.
Outer Growth Story
Melton and Werribee are posting 5%+ growth, outperforming inner suburbs. New infrastructure and affordability drive demand westward.
Land Tax Headwind
Victoria's land tax surcharge on investment properties is prompting some investors to divest. This creates buying opportunities for long-term holders.
Population Tailwind
At 5.3M and growing, Melbourne is on track to overtake Sydney as Australia's largest city. Long-term demand fundamentals remain strong.