All cities & LGAsLocal Government Area (LGA) Research · Data as of Sept 2026
Property Investment in Melbourne, VIC
Melbourne Council Average R-Score 93 / 100 — top suburb in Melbourne scores 100/100
Among the strongest markets in the country right now
Current buyer and rental conditions here rank in the top tier of the 15,000 suburbs we measure this month.
Unlock all Melbourne suburb rankings & highest-scoring streets ↓
Figures reflect Ripehouse Advisory’s monthly 27-indicator suburb bake (Sept 2026). General information only — not personal financial advice.
Suburb medians in Melbourne range from $805,000 to $2,000,000.
3-year population movement: +22.1%. Annual new dwelling approvals: 3.7% of stock (~3,674 dwellings). Tracked infrastructure pipeline: $62.4B. Key employment sectors: Professional, Scientific and Technical Services (18%), Financial and Insurance Services (14%), Public Administration and Safety (10%), Health Care and Social Assistance (8%).
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- Top 10 & Bottom 5 suburbs in Melbourne ranked by R-Score
- 4-pillar score breakdown & 3-year price, rent and DOM charts
- Top 12 highest-scoring streets in Melbourne (block-level Street Score)
- Highest-yielding & fastest-selling suburbs in Melbourne
Suburbs in Melbourne — Suburb Research & Street Scores
- Docklands (3008)Suburb report · Best streets →
- South Wharf (3006)Suburb report · Best streets →
- Southbank (3006)Suburb report · Best streets →
- Parkville (3052)Suburb report · Best streets →
- East Melbourne (3002)Suburb report · Best streets →
- North Melbourne (3051)Suburb report · Best streets →
- Carlton (3000)Suburb report · Best streets →
- Kensington (3031)Suburb report · Best streets →
- West Melbourne (3003)Suburb report · Best streets →
- Melbourne (3000)Suburb report · Best streets →
Melbourne (VIC) FAQs
Frequently Asked Questions: Property Investment in Melbourne
Is Melbourne (VIC) a good council area for property investment in 2026?
As of Sept 2026, Melbourne (Victoria) has an average Ripehouse R-Score of 93/100 across 10 suburbs, with its strongest suburb scoring 100/100. Across Melbourne, the typical suburb median price is $1,245,000, median weekly rent is $1020/wk, gross rental yield is 4.1%, and vacancy sits at 5.4%.
Which suburbs in Melbourne have the highest R-Score right now?
In the Sept 2026 Ripehouse research bake, the highest-scoring suburbs in Melbourne (VIC) are Docklands (100/100, median $1,152,000), South Wharf (98/100, median $805,000), Southbank (98/100, median $895,000), Parkville (95/100, median $1,690,000), East Melbourne (94/100, median $2,000,000). Each suburb is evaluated monthly across 27 demand, supply, momentum, and yield indicators.
What is the median house price, rent and rental yield in Melbourne?
Across Melbourne (VIC), the median suburb property price is $1,245,000, median asking rent is $1020/wk, and median gross yield is 4.1%, with homes averaging 81 days on market. The highest-yielding suburbs in Melbourne include Docklands (16.2%), Southbank (7.6%), South Wharf (6.5%).
What are the demographics and size of the Melbourne council area?
Melbourne is a Local Government Area in Victoria (part of Greater Melbourne) with an ABS estimated resident population of 194,481, approximately 75,805 dwellings, covering 37 sq km.
What are the best streets in Melbourne (VIC)?
Every street across all 10 suburbs in Melbourne is scored on the Ripehouse Street Score. Select any suburb below to view its street-by-street rankings.