M:
Research
Winter/26 Melbourne Residential
Headlines Melbourne recorded a higher number of residential sales over the past year, whilst homes are taking less time to sell than one year ago.
The number of residential rental homes in Melbourne is currently undersupplied. Melbourne rental vacancy was recorded at 2.5% at the end of Q1/26.
Less Melbourne homes have been newly listed for sale than this time last year. Overall, the total number of homes listed for sale in Melbourne is down on last year.
Residential rents across Melbourne trended 1.8% similar to 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 4.6% growth, with no price growth forecast for 2026.
The construction delivery of new homes in Victoria was 10.6% below a year ago, whilst the cost to build in Melbourne escalated 5.0%.