In short
In the June quarter 2026, the median price of an established house sold in Melbourne was $850,000 (+1.2% over a year), and $590,000 for a unit or other attached dwelling. At $850,000, general land transfer duty in VIC is $46,070, before any first home buyer or owner-occupier concession.
The questions, answered
What is the median house price in Melbourne?
The median price of the established houses sold in Melbourne was $850,000 in the June quarter 2026, +1.2% over a year (ABS Total Value of Dwellings, preliminary).
How much does a unit or apartment cost in Melbourne?
The median price of attached dwellings (units, apartments, townhouses) sold in Melbourne was $590,000 in the June quarter 2026, -2.2% over a year, against $850,000 for a house (ABS).
How much stamp duty on a median house ($850,000) in Melbourne?
On $850,000, general transfer duty in Melbourne (VIC) is $46,070, at the rates in force on 14 October 2026.
How many homes sell in Melbourne?
137,725 homes changed hands in Melbourne from the June quarter 2025 to March quarter 2026 (69,613 houses and 68,112 attached dwellings), the latest four revised quarters (ABS).
Is Melbourne expensive?
Melbourne ranks 6th of the eight capital cities for the median price of established houses sold in the June quarter 2026, from $1,487,600 in Sydney to $750,000 in Hobart (ABS).
The figures, June quarter 2026
| Measure | Value | Over a year |
|---|---|---|
| Median price, established houses sold | $850,000 | +1.2% |
| Median price, attached dwellings sold | $590,000 | -2.2% |
| Homes changing hands, June quarter 2025 to March quarter 2026 | 137,725 | — |
| Victoria: mean price, all dwellings | $918,400 | 0% |
A median of houses sold and a mean of the whole housing stock measure different things: do not compare them. The latest quarter is preliminary and may be revised.
Elsewhere in Victoria
Sources
- Prices and sales: Australian Bureau of Statistics, Total Value of Dwellings (cat. 6432.0). Source: Australian Bureau of Statistics, Total Value of Dwellings, June Quarter 2026, licensed under CC BY 4.0.
- Duty: rates and sources of the calculator (State Revenue Office Victoria).