Melbourne Housing Market Update [video] | April 2021

Melbourne housing values recovered from the -11% fall between 2017 and 2019, and the -5.6% drop in values through the worst of the COVID-related downturn, to set a new record high for dwelling values in March.

The median house value is approximately $860,000 while the median unit value reached $593,000.

Local market activity has ramped up over the past six months.

Over the March quarter, the estimated number of home sales is tracking 17% higher than at the same time last year.

This surge in activity is happening across a relatively low supply level, where total listing numbers are only 1.5% higher than a year ago.

Across the sub-regions of Melbourne, the Mornington Peninsula stands out with the fastest rate of growth.

Housing values across the Peninsula were 8.6% higher over the March quarter alone.



You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]


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Tim Lawless


Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit

'Melbourne Housing Market Update [video] | April 2021' have 2 comments


    September 22, 2020 DAIXIN TONG

    I want know Melbourne housing price


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