Melbourne VIC 3000
Melbourne is in Melbourne LGA, VIC, postcode 3000, with population 54,941.
Strong evidence
Melbourne has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Gross rent yield screens at about 6.1%. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →3,563 latest-year approvals in Melbourne, +0.0% YoY; population +3.7% YoY (2.7% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Rent-led investor candidate
Gross rent yield screens at about 6.1%. Snapshot rent $670/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Melbourne has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
No major visible gaps in the current status panel.
Melbourne currently reads as a growth-momentum candidate with a income-first secondary angle.
Gross yield screens at about 6.1%. Entry price sits in the lower-cost range for a first-pass screen. No major decision caution is visible from the current evidence layer.
Compare it against a contrasting suburb before turning it into a decision.
Gross yield screens at about 6.1%. Entry price sits in the lower-cost range for a first-pass screen. Population scale is large enough to avoid reading this as a tiny locality only.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Melbourne VIC
Melbourne is a major suburb in Victoria within the Melbourne local government area (postcode 3000). With a population of 54,941, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $75K per year, with an average household size of 1.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward accommodation & food and professional services. The top ancestries reported are Chinese, English, Australian.
Units have a median price of $575,000 (+5.5% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,800.
Melbourne is served by 6 schools, including 2 secondary, 2 combined, 2 special. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 29 rail stations, 158 bus stops. Healthcare facilities include 4 public and 4 private hospitals. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, Melbourne offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($575K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +5.5% year-on-year. Population growth of +3.7% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Melbourne is a major suburb in Victoria within the Melbourne local government area (postcode 3000). With a population of 54,941, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $75K per year, with an average household size of 1.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, managers. Employment in the area leans toward accommodation & food and professional services. The top ancestries reported are Chinese, English, Australian.
Units have a median price of $575,000 (+5.5% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,800.
Melbourne is served by 6 schools, including 2 secondary, 2 combined, 2 special. The average ICSEA score is 1077, which is above the national average of 1,000. Public transport access includes 29 rail stations, 158 bus stops. Healthcare facilities include 4 public and 4 private hospitals. The crime rate in the Melbourne LGA is higher than average at 23,998 incidents per 100,000 population.
From an investment perspective, Melbourne offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($575K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +5.5% year-on-year. Population growth of +3.7% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Melbourne FAQ
Common questions-
What LGA is Melbourne in?
Melbourne is in the Melbourne Local Government Area, VIC, postcode 3000. Council-level context for Melbourne LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the typical weekly rent in Melbourne?
The median weekly rent in Melbourne is $670/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
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What does the rent signal say about Melbourne?
Rent-led investor candidate: Gross rent yield screens at about 6.1%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Melbourne a good investment?
QuickProperty's investment signals for Melbourne show: High Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Melbourne?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Melbourne data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.