7 July 2023
About the Guide to Property Values
The Guide to Property Values is produced annually using data from Valuer-General Victoria and includes every property sale in the state.
Figures cover median prices by suburb for houses, units and vacant land; details of commercial, industrial and primary production sales; a summary of sales activity for every local government area; and statewide, metropolitan and country summaries.
This guide presents factual data relating to property sales received throughout Victoria during the 2022 calendar year.
Market Summary from Valuer-General Victoria
The Victorian Valuer-General has provided commentary for 2022 property values – released July 2023.
Highlights include:
Median house price in Victoria
- The median house price in Victoria’s residential property market increased by 5.1 per cent to $778,000 in 2022.
Melbourne median house price
- The median house price in Metropolitan Melbourne property market increased by 2 per cent to $892,500 in 2022.
Median house price country Victoria
- The median house price in Victoria’s country property market increased by 13.7 per cent to $580,000 in 2022.
Number of property sales
- The total number of property sales recorded in Victoria in 2022 (on 9th May 2023) was 149,820, with an additional 15 per cent expected as the remaining 2022 notifications are received. It is estimated that total sales numbers for 2022 will be approximately 167,834.
The Guide to Property Values 2022 is available on the Property sales statistics page.
Page last updated: 11/07/23