The graph above displays recent Melbourne property statistics as measured by our Hedonic Median Index with measurements for both Melbourne house prices and Melbourne unit prices.
These can give you a generalised picture of the Melbourne real estate market over recent months. We source these statistics from the RP Data Rismark Property Indices and they are updated every month. You can also view the indices figures in spreadsheet format at the following location: http://www.rpdata.com/derivatives/hedhist.html.
If you are buying a home in Melbourne then we think that you can benefit greatly from one of our Property Reports which give you house price details in local areas. The Melbourne Metropolitan area is made up of many suburbs. During the property cycle some suburbs may perform very differently to others resulting in differing house prices.
If you would like to get an idea of what is happening to home prices in individual Melbourne suburbs try our Free Suburb Reports.
About Melbourne
Melbourne is located on Port Phillip Bay in Victoria, Australia. Nearby cities are Geelong, Ballarat and Bendigo. It is the capital of Victoria and Australia's second largest city with a metro area population of around 3.7 million people in 2006.
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