Melbourne’s median house price has surged past a million to a figure of $1.012 million in the last 12 months increasing by $55,400 in the last year. Melbourne’s median house price remains higher than Adelaide, Hobart and Darwin in the December quarter.
https://www.realestate.com.au/news/melbourne-market-underperforms-despite-1012m-milestone/
Records continue to be smashed in Melbourne’s property market in 2025 as seen with a 4 bedroom 3 bathroom house at 160-162 The Avenue, Parkville. The house on a large block size of 1,376 sq metres sold for $8.55 million for a new suburb record.
https://www.realestate.com.au/sold/property-house-vic-parkville-147887864
Who would have thought that we would be seeing a record sale price of $3.775 million in Plenty 10 years ago. That’s exactly what happened last year with 2 Grange Avenue, Plenty where a 6 bedroom 7 bathroom house on a large 4,014sq metre block sold for $3.775 million.
https://www.realestate.com.au/sold/property-house-vic-plenty-148121400
Victorian’s love for a holiday near the beach has not wavered since the COVID rush where many Victorians bought property in coastal markets. Victoria has 4 out of the 10 top premium holiday home markets at the moment and land tax changes and short stay levies haven’t crippled the Victorian coastal property market.