VIC · HOUSING DATA
Reported rents and buying prices, with the dates and coverage you need to interpret them.
All units (apartment / unit views) rent. Apartment and unit selections share the same all-units rent series; neither is an apartment-specific measurement.
Vacancy source period: 2026-08. Annual rent change uses the combined SQM rent series; annual buy change uses houses. Missing measurements are excluded from calculations. Checking a source does not change its observation date.
THE HEADLINE
Weekly asking rent
$597/wk
All units (apartment / unit views)
Median sold price
$590K
Attached dwellings (apartment / unit views)
Vacancy
1.8%
Tight · 2026-08
Annual rent change · combined SQM series: +5.8%
Annual buy change · houses: +1.2%
Rent 22 Sep 2026 · SQM Melbourne city regionBuy ABS Residential Dwellings · median sold price · Jun 26
MARKET SIGNALS
Rental pressure
Tight
1.8% vacancy · 2026-08
Rent momentum
Hot
+5.8% annual · combined rent series
Source geography and dates apply; these signals are not specific to the selected property type. Missing measurements have no heat classification.
PRICE HISTORY
SQM monthly history averages weekly asking observations; it is not a monthly median. ABS history shows quarterly median sold prices. Rent and buy histories retain their own periods and coverage. Rent: 22 Sep 2026. ABS Residential Dwellings · median sold price · Jun 26
WHERE TO NEXT
CONTINUE EXPLORING
Source coverage varies by postcode. Every link opens its area details.
WEEK ENDING 22 SEP 2026
Melbourne houses are asking $827 a week and units $597 a week, according to SQM Research for the week ending 22 Sep 2026. Combined house and unit asking rents are up 5.8% on a year ago. Over the past year the monthly average house asking rent moved from $771 in Oct 25 to $825 in Sept 26.
The rental vacancy rate was 1.8% in Aug 2026, which this site classes as “Tight”. Lower vacancy generally means more competition for each listing.
Across 40 councils, the lowest average house asking rents are in Melton ($500), Mitchell ($507) and South Gippsland ($514), and the highest in Bayside (Vic.) ($1,550). See every Melbourne council ranked.
Keeping a typical Melbourne house rent to 30% of income takes about $2,760 a week after tax, or $1,990 for a unit. Work out what rent fits your income.
Melbourne houses are asking $827 a week and units $597 a week, according to SQM Research for the week ending 22 Sep 2026. These are average advertised rents across all houses and all units, not signed leases.
Combined house and unit asking rents are up 5.8% on a year ago. The house series went from $771 in Oct 25 to $825 in Sept 26.
By average house asking rent across each council’s postcode sample: Melton ($500 a week), Mitchell ($507 a week), South Gippsland ($514 a week). Rents vary widely between suburbs inside a council, so check the suburbs you are considering.