Check another suburbYour suburb, scored · Data as of Oct 2026
Melbourne, VIC
R-Score 75 / 100 — ranked #3,913 of 15,286 suburbs this month
Market conditions here are running warmer than most
Most of the demand and supply indicators we track are sitting above the national midpoint this month.
Scores describe measured market conditions — not personal advice, and not a forecast.
Suburb averages hide a lot. Check how your street compares with the rest of Melbourne →
Investment analysisIs Melbourne a good investment in 2026? Read our deep dive: best and worst streets, cashflow at 80% LVR, and our take →Is Melbourne a buy right now? Get our verdict + the 5 best streets
Our read on Melbourne, the Top 5 streets to target, and the score, price, rent and market-speed trends behind it. Instant, free, and a copy lands in your inbox.
- Our read: is Melbourne a buy right now?
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Best Streets in Melbourne, VIC
Compare every street in Melbourne (VIC) on the Street Score →
Other High-Scoring Suburbs in Melbourne (VIC)
- DocklandsR-Score 99/100 · Streets →
- South WharfR-Score 99/100 · Streets →
- SouthbankR-Score 98/100 · Streets →
- East MelbourneR-Score 94/100 · Streets →
- North MelbourneR-Score 93/100 · Streets →
- West MelbourneR-Score 92/100 · Streets →
| Indicator | Melbourne Reading | Context & Benchmark |
|---|---|---|
| Ripehouse R-Score | 75 / 100 | Ranked #3,913 of 15,286 Australian suburbs (Oct 2026) |
| Median House Price | $1,260,000 | +0% over the past 12 months of settled sales |
| Median Weekly Asking Rent | $1150/wk | Implies a 2.7% gross rental yield at the current median price |
| Rental Vacancy Rate | 7.8% | Above the 1.5% tight-supply threshold |
| Median Days on Market | 540 days | Part of Melbourne (VIC) council area (LGA avg R-Score 91/100) |
Buyer's Agent & Quantitative Due Diligence
Considering buying an investment property in Melbourne, VIC?
Since 2011, Ripehouse Advisory has helped Australian investors screen 15,000 suburbs and 518,000+ streets to avoid high-public-housing blocks, flood/overlay traps, and underperforming pockets. Speak with our team before you make an offer.
Melbourne VIC FAQs
Frequently Asked Questions: Investing in Melbourne, VIC
Is Melbourne VIC a good suburb for property investment in 2026?
As of Oct 2026, Melbourne (VIC 3000) scores 75/100 on the Ripehouse R-Score, ranking #3,913 out of 15,286 Australian suburbs. Market conditions here are running warmer than most. Key fundamentals include a median price of $1,260,000, median rent of $1150/wk, gross yield of 2.7%, and vacancy of 7.8%.
What is the median house price and 12-month growth in Melbourne VIC?
The current median property price in Melbourne (VIC) is $1,260,000 (Oct 2026), representing a 0% change over the past 12 months. Properties in Melbourne currently spend a median of 540 days on market.
What is the rental yield and vacancy rate in Melbourne VIC?
In Melbourne (VIC), the median weekly asking rent is $1150/wk, producing a gross rental yield of 2.7%. The suburb vacancy rate is 7.8% as of Oct 2026.
What are the best streets in Melbourne VIC?
Ripehouse Advisory scores every G-NAF street in Melbourne against the suburb average for owner-occupancy, public housing, rent, and yield. Use the Melbourne Street Score tool on this page to compare individual streets.
Which council area (LGA) is Melbourne VIC located in?
Melbourne (VIC, postcode 3000, 3004) is located in the Melbourne council area (LGA) within Greater Melbourne. Across Melbourne, the council-wide average R-Score is 91/100 across 10 suburbs.
R-Score and all figures are drawn from Ripehouse's research engine — 15,000 suburbs measured across 27 indicators, refreshed monthly (data as of Oct 2026). Scores describe past and current measured market conditions only. Past performance is not a reliable indicator of future performance. Nothing on this page is personal financial advice.