In short
In the June quarter 2026, the median price of an established house sold in Melbourne was $850,000 (+1.2% over a year), and $590,000 for a unit or other attached dwelling. At $850,000, general land transfer duty in VIC is $46,070, before any first home buyer or owner-occupier concession.
Calculate for Melbourne
Melbourne in context
Among the eight capital cities, Melbourne is 6th from the top for a median established house, at $850,000: $125,000 below Adelaide and $97,500 above Darwin. Its +1.2% over a year is 7th of eight on growth.
A unit or other attached dwelling sold for a median $590,000, 30.6% below a house. 137,725 homes changed hands here (June quarter 2025 to March quarter 2026), 78% of the 175,603 in Victoria.
General duty on that median house is $46,070, 5.4% of the price; among the capital cities Payotte can compute that is the highest share.
In Victoria, the cooling-off period is 3 clear business days, and withdrawing means a refund less the greater of $100 or 0.2% of the price, land tax starts at $50,000 and first home buyers are exempt up to $600,000.
| Capital city | Median house | Against Melbourne | Over a year | Growth gap |
|---|---|---|---|---|
| Sydney | $1,487,600 | +75% | -2.1% | -3.3 pts |
| Brisbane | $1,155,000 | +35.9% | +18.8% | +17.6 pts |
| Canberra | $1,030,000 | +21.2% | +3% | +1.8 pts |
| Perth | $1,010,000 | +18.8% | +18.8% | +17.6 pts |
| Adelaide | $975,000 | +14.7% | +13.2% | +12 pts |
| Darwin | $752,500 | -11.5% | +21.4% | +20.2 pts |
| Hobart | $750,000 | -11.8% | +4.9% | +3.7 pts |
The questions, answered
What is the median house price in Melbourne?
The median price of the established houses sold in Melbourne was $850,000 in the June quarter 2026, +1.2% over a year (ABS Total Value of Dwellings, preliminary).
How much does a unit or apartment cost in Melbourne?
The median price of attached dwellings (units, apartments, townhouses) sold in Melbourne was $590,000 in the June quarter 2026, -2.2% over a year, against $850,000 for a house (ABS).
How much stamp duty on a median house ($850,000) in Melbourne?
On $850,000, general transfer duty in Melbourne (VIC) is $46,070, at the rates in force on 14 October 2026.
How much tax when you sell a home in Melbourne?
Capital gains tax is federal: the same rule applies in Melbourne as across Australia. A main residence is exempt (section 118-110). On an investment property held 12 months or more and sold before 1 July 2027, half the gain counts: a $300,000 gain adds $150,000 to taxable income, taxed at the seller's marginal rate. The calculator above shows the foreign-resident cases and the 1 July 2027 change.
How many homes sell in Melbourne?
137,725 homes changed hands in Melbourne from the June quarter 2025 to March quarter 2026 (69,613 houses and 68,112 attached dwellings), the latest four revised quarters (ABS).
Is Melbourne expensive?
Melbourne ranks 6th of the eight capital cities for the median price of established houses sold in the June quarter 2026, from $1,487,600 in Sydney to $750,000 in Hobart (ABS).
More on the tax when you sell: capital gains tax and your main residence.
The figures, June quarter 2026
| Measure | Value | Over a year |
|---|---|---|
| Median price, established houses sold | $850,000 | +1.2% |
| Median price, attached dwellings sold | $590,000 | -2.2% |
| Homes changing hands, June quarter 2025 to March quarter 2026 | 137,725 | — |
| Victoria: mean price, all dwellings | $918,400 | 0% |
A median of houses sold and a mean of the whole housing stock measure different things: do not compare them. The latest quarter is preliminary and may be revised.
Elsewhere in Victoria
Sources
- Prices and sales: Australian Bureau of Statistics, Total Value of Dwellings (cat. 6432.0). Source: Australian Bureau of Statistics, Total Value of Dwellings, June Quarter 2026, licensed under CC BY 4.0.
- Duty: rates and sources of the calculator (State Revenue Office Victoria).
- Tax when you sell: Income Tax Assessment Act 1997; Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (change from 1 July 2027).