VIC News and Market Updates

March 2024 update: Take a look at what's happening in the VIC property market.
VIC News and Market Updates

The PropTrack Home Price Index for February 2024^ shows that Melbourne home prices lifted 0.28% in February, bringing them up 0.38% so far this year – and 1.33% above February 2023 levels.   

While the city’s median home value is currently $797,000, prices remain 3.87% below the March 2022 peak.   

The price recovery in Melbourne is lagging behind Sydney and Brisbane but remains ahead of Hobart and Canberra, with prices up 1.66% from the January 2023 low.  

Across regional Victoria, home values barely moved in February, rising by just 0.02% to settle at a median value of $587,000.  

^ https://www.proptrack.com.au/home-price-index/ 

Find out what's happening across the country: