Property Market in Melbourne
Melbourne's property market is characterised by distinct inner, middle, and outer ring price tiers, with established suburbs in the east and south-east consistently outperforming. A large pipeline of apartment supply has kept unit prices relatively stable compared to the competitive detached housing market.
House-price scenario
$1,050,000
Unit-price scenario
$580,000
These are indicative scenario inputs, not live valuations or sale-price estimates. Property prices vary by suburb, property and data period. Replace them with a current price before relying on a calculator result.
In an illustrative Melbourne purchase scenario using a price of $1,050,000, the modelled upfront costs include approximately $57,750 in stamp duty, $1,800 for conveyancing and $1,200 for building and pest inspections. That is around $60,750 on top of the deposit. Enter current quotes and your actual purchase price above for a more useful estimate.
Buying Property in Melbourne
Melbourne's auction culture is deeply ingrained — around 70% of inner-city houses sell under the hammer, and understanding auction tactics is essential before entering the market. The CBD and Docklands apartment market has experienced persistent oversupply, with some investors sitting on units worth less than their original purchase price, so due diligence on body corporate fees and rental vacancy in specific buildings is critical. By contrast, detached houses in the inner east and bayside suburbs face genuine scarcity, and buyers competing for period homes in areas like Hawthorn, Armadale, or Brighton should expect campaigns that regularly exceed quoted price ranges by 10–20%.