5 March 2025

About the Victorian Property Sales Report

The aim of the Victorian Property Sales Report is to present factual information relating to property sales occurring throughout Victoria over a period of 15 months.

The Victorian Property Sales Report provides the most comprehensive quarterly property data available. It represents 93 per cent of settled sales across the state and is based on official Notices of Acquisition.

Valuer-General Victoria commentary

Valuer-General Victoria has provided commentary for the September 2024 quarter – released March 2025.

The figures for the quarter are preliminary and represent 93 per cent of expected settled sales.

Highlights include:

Median house price in Victoria

  • Decreased by 2 per cent from $755,000 to $740,000 in the September 2024 quarter, having no change in the previous quarter (March 2024 to June 2024).

Median price of units in Victoria

  • Decreased by 0.8 per cent from $600,000 to $595,000 in the September 2024 quarter, having increased by 0.8 per cent in the previous quarter.
  • The median price of units in Victoria for the September 2024 quarter was lower than the median price of houses.

Melbourne median house price

  • Decreased by 3.5 per cent to $830,000 in the September 2024 quarter, and the median unit price decreased by 1.6 per cent to $610,000.
  • For the 12 months to September 2024, median sales prices in metropolitan Melbourne decreased by 2.9 per cent and 1.6 per cent for units.

Country Victoria

  • The median house price in country Victoria decreased by 2.6 per cent to $565,000.
  • The median unit price remained at $420,000.
  • Over the 12 months to September 2024, median sale prices in country Victoria decreased by 1.7 per cent for houses and increased by 2.4 per cent for units.

Number of house sales

  • Of the 740 Victorian locations listed, 180 had median house price increases for the September 2024 quarter compared to 204 in the June 2024 quarter.
  • 8 localities recorded no change, 267 showed a decrease, and 261 had insufficient sales.
  • The highest number of house sales for the quarter was 407 in Tarneit.
  • There were 26 locations with 100 or more sales in the September 2024 quarter.

The Victorian Property Sales Reports are available on the Property sales statistics page.

Page last updated: 05/03/25