Changes in Australian Median House Prices 2003 to 2015 for Melbourne and Victoria
Median Price of Established House Transfers in Melbourne rose in value by about 94% between 2003 and 2015
Median Price of Attached Dwelling Transfers in Melbourne rose in value by about 77% between 2003 and 2015
Median Price of Established House Transfers in the rest of Victoria rose in value by about 67% between 2003 and 2015
Median Price of Attached Dwelling Transfers in the rest of Victoria rose in value by about 53% between 2003 and 2015
Median Price of Established House Transfers in Victoria
| Median Price of Established House Transfers | ||
| Melbourne | Rest of Vic. | |
| Dec-2003 | $ 320,000 | $ 185,000 |
| Dec-2004 | $ 321,000 | $ 205,000 |
| Dec-2005 | $ 332,000 | $ 220,000 |
| Dec-2006 | $ 360,000 | $ 230,000 |
| Dec-2007 | $ 410,000 | $ 245,000 |
| Dec-2008 | $ 385,000 | $ 236,000 |
| Dec-2009 | $ 477,500 | $ 266,500 |
| Dec-2010 | $ 520,000 | $ 292,500 |
| Dec-2011 | $ 495,000 | $ 290,500 |
| Dec-2012 | $ 508,000 | $ 291,500 |
| Dec-2013 | $ 561,000 | $ 308,000 |
| Dec-2014 | $ 572,500 | $ 300,000 |
| Dec-2015 | $ 621,000 | $ 310,000 |
Median Price of Attached Dwelling Transfers in Victoria
| Median Price of Attached Dwelling Transfers | ||
| Melbourne | Rest of Vic. | |
| Dec-2003 | $ 285,000 | $ 170,000 |
| Dec-2004 | $ 281,000 | $ 180,000 |
| Dec-2005 | $ 290,000 | $ 195,000 |
| Dec-2006 | $ 315,000 | $ 192,000 |
| Dec-2007 | $ 365,000 | $ 210,000 |
| Dec-2008 | $ 350,000 | $ 195,000 |
| Dec-2009 | $ 421,000 | $ 232,000 |
| Dec-2010 | $ 460,000 | $ 255,000 |
| Dec-2011 | $ 432,500 | $ 245,300 |
| Dec-2012 | $ 440,000 | $ 240,000 |
| Dec-2013 | $ 467,000 | $ 245,000 |
| Dec-2014 | $ 485,000 | $ 250,000 |
| Dec-2015 | $ 505,000 | $ 261,200 |
Source:
ABS 6416.0 - Residential Property Price Indexes: Eight Capital Cities, Dec 2015
Melbourne property prices are based on the Greater Melbourne area with a population of about 4,529,500 and covering an area of 9,990 km2 (3,857 sq miles).
Population Density of Melbourne is about 1,174 people per sq mile.
Victoria has a population of about 6,000,000 and a land area of 227,420 km² (87,807 sq miles).
Population Density of Victoria is about 68 people per sq mile.
About 75% of the Victoria population live in its Capital City, Melbourne.
