4 June 2025

About the Victorian Property Sales Report

The aim of the Victorian Property Sales Report is to present factual information relating to property sales occurring throughout Victoria over a period of 15 months.

The Victorian Property Sales Report provides the most comprehensive quarterly property data available. It represents 93% of settled sales across the state and is based on official Notices of Acquisition.

Valuer-General Victoria commentary

Valuer-General Victoria has provided commentary for the December 2024 quarter – released June 2025.

The figures for the quarter are preliminary and represent 93% of expected settled sales.

Highlights include:

Median house price in Victoria

  • Increased by 0.7% from $745,000 to $750,000 in the December 2024 quarter, having decreased in the previous quarter (June 2024 to September 2024).

Median price of units in Victoria

  • Decreased by 0.2% from $596,000 to $595,000 in the December 2024 quarter, having decreased by 1.5% in the previous quarter.
  • The median price of units in Victoria for the December 2024 quarter was lower than the median price of houses.

Melbourne median house price

  • Increased by 3.3% to $862,000 in the December 2024 quarter, and the median unit price decreased by 0.3% to $610,000.
  • For the 12 months to December 2024, median sales prices in metropolitan Melbourne decreased by 2.5% and 3.2% for units.

Country Victoria

  • The median house price in country Victoria remained at $565,000.
  • The median unit price decreased by 1.2% to $415,000.
  • Over the 12 months to December 2024, median sale prices in country Victoria decreased by 3.4% for houses and decreased by 2.4% for units.

Number of house sales

  • Of the 743 Victorian locations listed, 232 had median house price increases for the December 2024 quarter compared to 217 in the September 2024 quarter.
  • 5 localities recorded no change, 219 showed a decrease, and 233 had insufficient sales.
  • The highest number of house sales for the quarter was 390 in Tarneit.
  • There were 34 locations with 100 or more sales in the December 2024 quarter.

The Victorian Property Sales Reports are available on the Property sales statistics page.

Page last updated: 05/06/25