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3 March 2021

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 September 2020 quarter – released March 2021.

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

Highlights include:

Median house price in Victoria

  • Decreased by 7.3 per cent from $620,000 to $574,900 in the September 2020 quarter, having showed no change in the previous quarter (March 2020 to June 2020).

Median price of units in Victoria

  • Decreased by 5 per cent from $558,000 to $530,000 in the September 2020 quarter, having increased by 1.5 per cent in the previous quarter.
  • The median price of units in Victoria for the September 2020 quarter was lower than the median price of houses.

Melbourne median house price

  • Decreased by 1.4 per cent to $725,000 in the September 2020 quarter and the median unit price increased by 0.2 per cent at $585,000.
  • For the 12 months to September 2020, median sales prices in metropolitan Melbourne increased by 1.9 per cent for houses and 2.5 per cent for units.

Country Victoria

  • The median house price in country Victoria increased by 2.8 per cent, at $410,000
  • Units increased by 0.9 per cent to $315,000.
  • Over the 12 months to September 2020, median sale prices in country Victoria increased by 7.9 per cent for houses and by 5.6 per cent for units.
  • Of the 761 listed Victorian locations, 245 had median house price increases for the September 2020 quarter compared to 147 in the June 2020 quarter.
  • Ten localities recorded no change, 156 showed a decrease and 350 had insufficient sales.

Number of house sales

  • The highest number of house sales for the quarter was 171 in Pakenham.
  • There were eight locations with 100 or more sales in the September 2020 quarter.

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

Page last updated: 16/03/21