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Melbourne house prices

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Policy that lowered house prices would be effective, but unpopular.

There’s an easy solution to housing affordability. But voters hate it

No one ever stopped John Howard in the street to complain about the value of their house going up. But are we at a tipping point?

  • Jim Malo

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Monica Lee and grandchildren (from left) Milla, 17, Harper, 15, and Tiger, 13 – pictured with dogs Billie and Maizie – at Lee’s Mount Martha home.

The once-booming Victorian coastal hotspot that’s now $172,000 cheaper

Property prices are weaker than they were a few years ago, but it’s not worrying locals who are keen to get on with their lives.

  • Jim Malo
Buyers with a Melbourne budget can get a lot more bang for their buck if they look to regional Victoria.

Bang for buck: Top Victorian tree-change houses on a Melbourne budget

Take the capital city’s median house price of just over $1 million into regional Victoria, and your money can buy a lot more.

  • Shona Hendley
In Werribee South, beach boxes cost less than on the other side of the bay.

The Melbourne suburb where a beach box is less than half price

In Brighton, a beach box could easily cost you $450,000. In Portsea, buyers pay up to $1 million. But elsewhere, they’re much cheaper.

  • Orana Durney-Benson
The Grant Avenue residence has not changed hands for 70 years.

Myer family’s Toorak mansion fetches about $20m

The property is changing hands for the first time in about 70 years, but another of the family’s homes could be yours for $100 million.

  • Elizabeth Redman and Kristy Johnson
House prices in towns such as Barwon Heads have had a double-digit price drop.

The Victorian coastal towns where house prices plunged 20 per cent

Beach houses in many popular spots have recorded double-digit price drops over the past couple of years, and buyers have their pick.

  • Kate Halfpenny
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Alexander Selway opted to buy property in Ocean Grove because it was more affordable than other beach towns.

Beach on a budget: Victorian coastal towns where homes cost under $1m

While the typical house in Sorrento costs more than $2 million, plenty of other coastal destinations offer beach lifestyle on a budget.

  • Alexandra Middleton
The contemporary Toorak home sold for close to $70 million.

Melbourne’s multimillion-dollar mansions of 2024 – and those that failed to sell

Mansion buyers had their pick of homes for sale in 2024, as long as they had deep pockets, but some are lingering on the market.

  • Elizabeth Redman
Brighton was popular with home buyers in 2024.

Melbourne suburbs where home buyers splashed the most cash in 2024

From premium hotspots on the bay to relatively affordable family homes close to all the amenities, the most popular areas have been revealed.

  • Abbir Dib
The International Monetary Fund says a major package of changes, from tax to land supply, is needed to make Australian housing more affordable.

Five Australian cities are now among world’s top 20 most expensive

The International Monetary Fund says nothing short of major reform can change the fact that Australian housing, across all international metrics, is some of the most expensive in the world.

  • Shane Wright

Original URL: https://www.theage.com.au/topic/melbourne-house-prices-1mo3