About Victoria — 2025 Overview
Victoria (VIC) is home to approximately 6.7M people, with the state capital Melbourne being the main population and economic centre. The Victoria economy is supported by financial services, construction and a diversified economy.
Property and Finance in Victoria — 2025
| Metric | Victoria 2025 Data |
|---|---|
| Average house price (Melbourne) | $850,000 |
| Average weekly rent (Melbourne) | $530/week |
| Stamp duty note | FHBs pay zero duty on homes to $600K; concession to $750K. |
| Average fuel price | 195–215c/L |
| Minimum wage | $24.10/hr (national rate) |
Construction Costs in Victoria — 2025
- Paving: $100–$185/m² installed (brick paving, metro Melbourne)
- Ready-mix concrete: $210–$270/m³ ready-mix (Melbourne metro)
- Decking: $350–$500/m² installed (merbau most popular)