When did average house prices in Melbourne reach their peak? December 2020
Average house prices in Melbourne peaked at £980,000 in December 2020, the highest monthly average since January 1995. Across the 12 months to July 2026, the average is £466,916.
- Peak average
- £980,000
- Latest 12-month average
- £466,916
- Data up to
- July 2026
Sold prices from HM Land Registry, not asking prices. How we calculate this
All house prices in MelbourneWhat was the average house price in Melbourne each year?
Average sold price in each calendar year, newest first. 2023 had the highest yearly average of the past 10 years.
| Year | Average price |
|---|---|
| 2026 (to July) | £445,062 |
| 2025 | £465,458 |
| 2024 | £380,045 |
| 2023Highest | £523,571 |
| 2022 | £412,142 |
| 2021 | £376,500 |
| 2020 | £474,535 |
| 2019 | £331,750 |
| 2018 | £313,772 |
| 2017 | £370,666 |
How have house prices in Melbourne changed over time?
Monthly or yearly average sold price. Choose a time range to explore.
What else do people ask about Melbourne?
More quick answers on house prices, sales, areas and green space in Melbourne.
Where does this data come from?
Price information is from HM Land Registry, location boundaries are from OpenStreetMap, and households and population are from Nomis Census 2021 postcode estimates (21 March 2021). Parks and green space are from OS Open Greenspace. Contains OS data © Crown copyright and database right 2026.
Last updated 7 October 2026 at 02:47 with the latest Land Registry data (July 2026). The Melbourne dataset covers 65 postcodes.
Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0.