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House prices · Greater Melbourne · ABS quarterly · 410 priced suburbs

Melbourne house prices

Median Melbourne house and unit prices, the full quarterly trend, and the most expensive and most affordable suburbs across Greater Melbourne.

Median house
$850K
Median unit
$615K
House YoY
+1.8%
Updated
15 June 2026

Melbourne price trend

Houses + units · ABS quarterly · 1Y / 3Y / 5Y / 10Y / MAX
Median house · Melbourne
$850K
+1.8% YoY · -4.7% QoQ
Median unit · Melbourne
$615K
-2.1% YoY · -8.2% QoQ
Most expensive

Priciest Melbourne suburbs by median house.

01 Toorak · 3142 $6.06M 02 East Melbourne · 3002 $3.65M 03 Deepdene · 3103 $3.63M 04 Brighton · 3186 $3.41M 05 Portsea · 3944 $3.33M 06 Malvern · 3144 $3.31M 07 Canterbury · 3126 $3.21M 08 Balwyn · 3103 $2.95M 09 Hawthorn · 3122 $2.90M 10 Camberwell · 3124 $2.60M

Full Melbourne most-expensive ranking →

Most affordable

Cheapest Melbourne suburbs with scale.

01 Tyabb · pop 3,449 $366K 02 Truganina · pop 36,305 $390K 03 Tullamarine · pop 6,733 $412K 04 Wandin North · pop 3,132 $440K 05 Upwey · pop 6,818 $476K 06 Melton · pop 7,953 $485K 07 Upper Ferntree Gully · pop 3,417 $500K 08 Melton West · pop 8,784 $533K 09 Kurunjang · pop 10,711 $538K 10 Coolaroo · pop 3,193 $540K

Full Melbourne affordability ranking →

Keep going

More Melbourne property data.

FAQ

Four questions about Melbourne house prices.

  1. What is the median house price in Melbourne?

    The Greater Melbourne median house price is $850K (+1.8% year on year), with the median unit at $615K. Figures are ABS Total Value of Dwellings estimates; individual suburbs vary widely from the metro median.

  2. Are Melbourne house prices rising or falling?

    Melbourne house prices are up 1.8% over the past year on ABS quarterly data. The trend chart on this page shows the full quarterly series back to 2002 so you can see where the current move sits in the longer cycle.

  3. How do Melbourne house prices compare to units?

    The Melbourne median house ($850K) sits above the median unit ($615K). Houses and units are released on separate ABS cycles and can move at different rates — the trend chart plots both lines.

  4. Where are the cheapest suburbs in Melbourne?

    The most affordable Melbourne suburbs with real population scale include Tyabb ($366K), Truganina ($390K), Tullamarine ($412K). The full ranking is listed below and in the metro affordability ranking.