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Melbourne · Market snapshot
House
—Quarter ending — · Recorded sales —
No available statisticsUnit · official category
$490,000Quarter ending 2026-03-31 · Recorded sales 577
PreliminaryVGV's preliminary 2026 Q1 locality table reports 577 unit sales for Melbourne and a unit median; it does not list a Melbourne house row in the house table. Unit sellers should compare recent sales in similar buildings and floor-plan types, rather than treating this locality-wide unit median as a property-specific figure.
The median is not a valuation of your home. Sample size and the mix of properties affect results. Valuer-General Victoria — Victorian Property Sales Report March 2026 quarter; Vicmap Admin locality boundaries · Source released 2026-09 · CC BY 4.0
Nearby suburbs · House
Quarter ending 2026-03-31
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| Suburb | Median sale price | Recorded sales | Data notes | Approx. distance |
|---|---|---|---|---|
| South Melbourne | $1,650,000 | 21 | Preliminary | 1.4 km |
| East Melbourne | $3,176,300 | 2 | Fewer than 10 sales Preliminary | 1.7 km |
| Cremorne | $1,287,500 | 12 | Preliminary | 2.0 km |
| Albert Park | $1,985,000 | 21 | Preliminary | 2.2 km |
| South Yarra | $2,025,000 | 26 | Preliminary | 2.2 km |
Up to five suburbs with comparable prices this quarter, ordered by approximate straight-line distance between boundary bounding-box centres. These are not necessarily adjoining suburbs, driving distances or similar homes. Nearby carried-forward and missing prices are excluded.
Nearby suburbs · Unit
Quarter ending 2026-03-31
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| Suburb | Median sale price | Recorded sales | Data notes | Approx. distance |
|---|---|---|---|---|
| Melbourne (selected) | $490,000 | 577 | Preliminary | — |
| Southbank | $590,000 | 237 | Preliminary | 1.0 km |
| South Melbourne | $587,000 | 71 | Preliminary | 1.4 km |
| East Melbourne | $640,000 | 19 | Preliminary | 1.7 km |
| Cremorne | $669,000 | 13 | Preliminary | 2.0 km |
| Albert Park | $1,030,000 | 10 | Preliminary | 2.2 km |
Up to five suburbs with comparable prices this quarter, ordered by approximate straight-line distance between boundary bounding-box centres. These are not necessarily adjoining suburbs, driving distances or similar homes. Nearby carried-forward and missing prices are excluded.
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