Property prices in Melbourne
Property values typically range from $400,000 – $3,000,000+. Melbourne prices align closely with national averages, with premiums for prestige vehicles, lifestyle items and property in inner-ring and coastal suburbs.
- Location, suburb and proximity to infrastructure
- Land size and zoning (residential, mixed use, R3/R4)
- Property type: house, unit, townhouse, acreage
- Development potential: granny flat, subdivision, secondary dwelling
How to sell a Property in Melbourne
Research comparable sales
Review recent comparable sales in your suburb on CoreLogic or Domain. Understand the premium or discount your property warrants based on land size, condition and development potential.
Get a pre-sale building and pest inspection
A clear report gives buyers confidence and reduces the risk of price renegotiation after exchange. Budget $500–$800 for a combined building and pest inspection.
Post on GOT ONE? where motivated buyers state their requirements
Buyers on GOT ONE? post the suburb, budget, land size minimums and property type they want. Respond to buyers who have already shortlisted your area.
Prepare a complete vendor disclosure statement
Include council zoning certificate, planning certificate, building approvals for any extensions, easement information and strata documents if applicable.
Engage a conveyancer for exchange and settlement
A licensed conveyancer or solicitor handles the contract of sale, exchange, and settlement. Budget $1,500–$3,000 for conveyancing.
Property buyers in Melbourne
Melbourne is Australia's second-largest market and a strong hub for trades, vehicles and industrial equipment. Buyer activity is highest in the outer northern and western growth corridors.
Melbourne buyers compare listings carefully across multiple platforms before committing. Tradie and trade buyers are especially active in the western suburbs. Lifestyle and enthusiast buyers are strong along the Mornington Peninsula and Yarra Valley corridors.