Melbourne, VIC

Find the latest property data and property news available for the suburb of Melbourne, plus mapping tools and demographic information. If you are thinking of selling, buying, or investing in property in Melbourne, then our suburb snapshot is crucial reading. Property price and rental data for the suburb of Melbourne is provided by RP Data.

News

Process beats intuition when buying property in wake of Autumn auction anxiety: Mal James

Mal JamesUsing an expert and following a process works better than acting under pressure on intuition alone.

Not all Australian property markets in the same boat says RBA as vendors adopt more realistic expectations

Jonathan ChancellorThe RBA says the degree of vendor discounting has recently returned to more normal levels.

Auction numbers set to rebound this week: RP Data

Property Observer

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Click to see Demographic Data for Postcode 3004

Suburb Snapshot

Houses

Prices
Median sale price	$415,000
Change in median price in last year	-38.1%
Average discount	-7.7%
Average time on market	144.4
Average hold period	5.5
Median price for houses $350k to $750k	$465,000
Median price for houses over $750k	$1,580,000

Rents
Median asking rent	$600
Indicative gross rental yield	7.5%

Units

Prices
Median sale price	$405550
Change in median price in last year	6.7%
Change in median price in past five years	19.3%
Average discount	-8.9%
Average time on market	97.6
Average hold period	7.3
Median price for units $350k to $750k	$488,000
Median price for units over $750k	$913,000

Rents
Median asking rent	$450
Indicative gross rental yield	5.8%

Click to see Demographic Data for Postcode 3004

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Details and copyright information

42/36/Copyright and disclaimer notices for research reports

In compiling this publication, RP Data has relied upon information supplied by a number of external sources. The publication is supplied on the basis that while the RP Data believes all the information in it is deemed reliable at the time of publication, it does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to RP Data for the supply of such information.

Queensland Data
© The State of Queensland (Department of Natural Resources and Mines) 2011. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2011)]. The Department of Natural Resources and Mines makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.

South Australian Data
2011 Copyright in this information belongs to the South Australian Government and the South Australian Government does not accept any responsibility for the accuracy or completeness of the information.

New South Wales Data
Contains property sales information provided under licence from the Department of Lands NSW.

Victorian Data
To the extent that this report has been developed using information owned by the State of Victoria, the State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

Western Australian Data
Based on information provided by and with the permission of the Western Australian Land Information Authority (2011) trading as Landgate.

Australian Capital Territory Data
The Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission.  Enquiries should be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box 1908 Canberra ACT 2601.

Tasmanian Data
This product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania.  The Crown in Right of Tasmania and its employees and agents:
a)	give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and
b)	do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.
Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au