In short
In the June quarter 2026, the mean price of a residential dwelling in Victoria was $918,400 (0% over a year), and the median established house sold in Melbourne was $850,000. At $850,000, general land transfer duty in Victoria is $46,070, before any first home buyer or owner-occupier concession.
The questions, answered
What is the average value of a home in Victoria?
The mean price of all residential dwellings in Victoria was $918,400 in the June quarter 2026, 0% over a year (ABS Total Value of Dwellings, preliminary). It is the value of the whole housing stock divided by the number of dwellings (3,043,000), not a sale price.
How much stamp duty on a median Melbourne house ($850,000) in Victoria?
On $850,000, general transfer duty in Victoria is $46,070, at the rates in force on 14 October 2026.
How many homes sell in Victoria?
175,603 homes changed hands in Victoria from the June quarter 2025 to March quarter 2026, the latest four revised quarters (ABS).
The figures, June quarter 2026
| Measure | Value | Over a year |
|---|---|---|
| Mean price, all residential dwellings | $918,400 | 0% |
| Number of residential dwellings | 3,043,000 | — |
| Homes changing hands, June quarter 2025 to March quarter 2026 | 175,603 | — |
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.
Areas of 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).