Melbourne Suburb ProfileVictoria 3000
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Melbourne has 61,547 properties. Over the last 5 years, Houses in Melbourne have seen a 14.85% increase in median value, while Units have seen a -3.54% decrease. As at 30 November 2024:
- The median value for Houses in Melbourne is $1,252,430 while the median value for Units is $449,245.
- Houses have a median rent of $588 while Units have a median rent of $650.
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.
Market Insights
Melbourne Trends for Houses
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Melbourne Trends for Units
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Neighbourhood Insights
Age
Population 47,293
0-9
3%
10-19
9%
20-29
48%
30-39
20%
40-49
7%
50-59
5%
60-69
4%
70-79
2%
80-89
1%
Household Structure
Occupancy
Recent Sales in MELBOURNE 3000
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0Properties for sale in MELBOURNE 3000
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0Properties for rent in MELBOURNE 3000
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Last Updated: 18/12/2024
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