About Melbourne — 2025
Melbourne is located in Greater Melbourne, Victoria, with a population of approximately 5.2M. The Melbourne property market has a median house price of $850,000 as of 2025, with weekly rents averaging $530 for houses. The median household income in Melbourne is approximately $88,000/year.
Key Financial Data for Melbourne — 2025
| Metric | Melbourne 2025 |
|---|---|
| Median house price | $850,000 |
| Median weekly rent (houses) | $530/week |
| Estimated median household income | $88,000/year |
| State / Territory | Victoria (VIC) |
| VIC stamp duty note | FHBs pay zero duty on homes to $600K; concession to $750K. |