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7 December 2022

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 per cent 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 June 2022 quarter – released December 2022.

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

Highlights include:

Median house price in Victoria

  • Increased by 0.6 per cent from $785,000 to $790,000 in the June 2022 quarter, having decreased by 3.7 per cent in the previous quarter (December 2021 to March 2022).

Median price of units in Victoria

  • Decreased by 0.8 per cent from $605,000 to $610,000 in the June 2022 quarter, having decreased by 4 per cent in the previous quarter.
  • The median price of units in Victoria for the June 2022 quarter was lower than the median price of houses.

Melbourne median house price

  • Increased by 0.1 per cent to $901,000 in the June 2022 quarter and the median unit price increased by 0.2 per cent to $629,000.
  • For the 12 months to June 2022, median sales prices in metropolitan Melbourne increased by 5.4 per cent for houses and decreased by 0.2 per cent for units.

Country Victoria

  • The median house price in country Victoria decreased by 1.2 per cent, to $578,000
  • Units increased by 0.6 per cent to $415,000.
  • Over the 12 months to June 2022, median sale prices in country Victoria increased by 18 per cent for houses and by 15.6 per cent for units.
  • Of the 799 listed Victorian locations, 219 had median house price increases for the June 2022 quarter compared to 300 in the March 2022 quarter.
  • Five localities recorded no change, 248 showed a decrease and 327 had insufficient sales.

Number of house sales

  • The highest number of house sales for the quarter was 292 in Tarneit.
  • There were 25 locations with 100 or more sales in the June 2022 quarter.

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

Page last updated: 07/12/22