Property Investment in Melbourne, VIC

As of Sept 2026, Greater Melbourne (VIC) records an average Ripehouse R-Score of 83/100 across 522 suburbs and 31 council areas, with top-scoring suburbs reaching 100/100. Across Melbourne, the typical suburb median price sits around $1,100,000, median rent is $690/wk, gross rental yield is 3.5%, and vacancy averages 2.6%.

Based on Ripehouse Advisory’s monthly 27-indicator R-Score model (Sept 2026), the highest-scoring suburbs in Melbourne right now include Blind Bight (R-Score 100/100, median $680,000), Catani (R-Score 100/100, median $520,000), Devon Meadows (R-Score 100/100, median $1,470,000), Docklands (R-Score 100/100, median $1,152,000), Ferny Creek (R-Score 100/100, median $950,000). Within each suburb, street-level performance varies significantly depending on owner-occupier ratio, public housing concentration, and block-level rental yield.

Across Melbourne’s 522 suburbs, the median gross rental yield is 3.5%, median weekly asking rent is $690/wk, and the median vacancy rate is 2.6%. Higher-yielding suburbs in Melbourne currently include Docklands (16.2%), Boneo (11.3%), Gladysdale (8.7%).

Greater Melbourne comprises 31 Local Government Areas (Casey, Wyndham, Hume, Whittlesea, Melton, Monash, Brimbank, Melbourne and 23 more), covering an estimated population of 5,149,045 residents. You can drill down into each council area on this page to compare suburb R-Scores and street rankings.

Every G-NAF street in Melbourne is scored on the Ripehouse Street Score (0–100) using ABS SA1 census owner-occupier ratios (>65%), public housing concentration (≤5%), and block-level rent and yield relative to its suburb. Select any suburb in Melbourne below to inspect its top-scoring and lowest-scoring streets.