Melbourne median house price
Median house price, Greater Melbourne · Australian Bureau of Statistics · June quarter 2026
Melbourne median house price $850,000 in the June quarter 2026, down 2.9% on the quarter and up 1.2% over the year.
Next release · Tue 1 Dec 2026, 11:30 AEDT · Total Value of Dwellings
What the numbers say
Melbourne's median house price was $850,000 in the June quarter 2026, down 2.9% on the quarter, up 1.2% over the year, up 2.4% over 5 years and up 39.3% over 10 years. It peaked at $940,000 in the December quarter 2021, the highest since the series began in the March quarter 2002, and the latest value is 9.6% below the peak. Melbourne is the sixth dearest of the eight capitals, behind Adelaide at $975,000 and ahead of Darwin at $752,500. Sydney is dearest at $1,487,600 and Hobart cheapest at $750,000. In the June quarter 2026 the median unit price was $590,000, so houses were $260,000 dearer, a gap of 44.1% of the unit price.
What is the median house price in Melbourne?
Melbourne's median house price was $850,000 in the June quarter 2026.
Are Melbourne house prices going up or down?
Melbourne's median house price was $850,000 in the June quarter 2026, down 2.9% on the quarter from $875,000 in the March quarter 2026. It was up 1.2% over the year.
How much have Melbourne house prices risen in 10 years?
Melbourne's median house price was up 39.3% over 10 years, from the June quarter 2016 to the June quarter 2026.
How has the median house price in Melbourne changed since 2020?
Melbourne's median house price was up 2.4% over 5 years, from the June quarter 2021 to the June quarter 2026. It peaked at $940,000 in the December quarter 2021.
Written from the figures on this page · updated 27 October 2026
Recent quarters
| Quarter | Value | Status |
|---|---|---|
| June quarter 2026 | $850,000 | preliminary |
| March quarter 2026 | $875,000 | revised |
| December quarter 2025 | $895,000 | revised |
| September quarter 2025 | $845,000 | revised |
| June quarter 2025 | $840,000 | final |
| March quarter 2025 | $835,000 | final |
| December quarter 2024 | $850,000 | final |
| September quarter 2024 | $822,300 | revised |
Full series · 98 quarters · CSV · JSON
Median house price, Greater Melbourne measures the middle price of house transfers across the Greater Melbourne capital city area, expressed in thousands of Australian dollars. The latest reading is $850,000 for the quarter ended June quarter 2026. The series is published quarterly by the Australian Bureau of Statistics, drawn from its residential dwellings statistics, which report medians by capital city and means by state, and it runs from the first quarter of the series onward.
As a median for houses, it does not cover attached dwellings such as apartments and units, and it describes the Greater Melbourne area rather than individual suburbs or regional Victoria. Published under CC BY 4.0.
Also in this family
Related
Source
- α
- Source: Australian Bureau of Statistics, ABS Residential Dwellings (medians by capital, means by state), retrieved 11 September 2026. CC BY 4.0.
- γ
- Source: Australian Bureau of Statistics, ABS Residential Dwellings (medians by capital, means by state), retrieved 21 September 2026. CC BY 4.0.
- β
- Computed by Numbra from α.