14 July 2024
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 2024 calendar year.
Market summary from Valuer-General Victoria
The Victorian Valuer-General has provided commentary for 2024 property values – released July 2025.
Highlights include:
Median house price in Victoria
- The median house price in Victoria’s residential property market decreased by 1.3% to $750,000 in 2024.
Median house price in Melbourne
- The median house price in Metropolitan Melbourne property market decreased by 0.6% to $855,000 in 2024.
Median house price in country Victoria
- The median house price in Victoria’s country property market decreased by 0.9% to $572,000 in 2024.
Number of property sales
- The total number of property sales recorded in Victoria in 2024 was 182,872, with an additional 5% expected as the remaining 2024 notifications are received.
The Guide to Property Values 2024 is available on the Property sales statistics page:
Page last updated: 14/07/25