Melbourne City, VIC
The City of Melbourne is a local government area in Melbourne, Victoria, Australia. It is centered in the city’s core business district. “Vires acquirit eundo” is the city’s motto, which translates as “She acquires strength as she travels.”
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Professionals account for 39.4 % of employment in Melbourne City, followed by managers at 14.4 %, clerical and administrative workers at 11.2 %, community and personal service workers at 11.2 %, and sales workers at 8.0 %.
In Melbourne City, the typical weekly personal income for persons aged 15 years and older is $642.
In Melbourne City, 2.9 % of occupied private residences are detached houses, 12.7 % are semi-detached, row or terrace houses, townhouses, or other buildings, 83.4 % are flats or apartments, and 0.3 % are other dwellings.
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Capital Growth Heatmap
Property Market Snapshot
This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.
Buy
2BR
3BR
4BR
5BR
Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
2BR
3BR
4BR
5BR
Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
2BR
3BR
4BR
5BR
Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.
Buy
1BR
2BR
3BR
Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.
Rent
1BR
2BR
3BR
Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.
Yield
1BR
2BR
3BR
Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.
How to use this Dashboard
This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.
Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.
Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.
Property Market in Melbourne City, VIC
Melbourne City is surrounded by 7 other council areas – Port Phillip, Maribyrnong, Stonnington, Hobsons Bay, Yarra, Moreland, Moonee Valley.
Suburbs/localities in this Local Government Area: Kensington 3031, Melbourne 3000, North Melbourne 3051, Parkville 3052, Port Melbourne 3207, Southbank 3006, West Melbourne 3003, South Wharf 3006, Carlton 3053, Carlton North 3054, Docklands 3008, East Melbourne 3002