The market is currently entering a more balanced phase following a period of rapid growth and subsequent rate uncertainty.
: The metro-wide median for houses currently sits between $910,000 and $991,500 . houses to buy in melbourne australia
: Vacancy rates remain critically low at approximately 1.4–1.6% , which continues to push renters toward homeownership. Suburbs to Watch by Buyer Category The market is currently entering a more balanced
Market performance varies significantly by region, with affordable outer-ring suburbs often outperforming high-value inner-east areas. Melbourne Housing Market Update | April 2026 000 and $991