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Research
Autumn/26 Melbourne New Build Apartments
Headlines Melbourne new apartment pipeline to 2029 is 43% below the 5-year average. There are 9,210 new apartments due for completion in 2026, being 29% more than 2025.
The number of residential rental homes in Melbourne is currently undersupplied. Melbourne rental vacancy was recorded at 2.4% at the end of Q4/25.
New apartment prices have increased 15.7% in Melbourne over the year to Q4/25 to $17,900/sqm, rising 2.1% in the last quarter.
Residential rents across Melbourne trended 2.7% above last year's weekly rate, with rents forecast to rise 5% at the end of 2026.
Melbourne residential property prices have trended higher than a year ago with 6.5% growth, with 4% price growth forecast for 2026.
The construction delivery of new homes in Victoria was 11.8% below a year ago, whilst the cost to build in Melbourne escalated 5.0%.
Park Modern by Time & Place