March Quarter 2025 Median Prices Released

Positive quarterly house price results reflect ongoing stabilisation of diverse Victorian property market

• The median house price rallied in metropolitan and regional Victoria over the March 2025 quarter, with 2.7 and 1.2 per cent increases, respectively. This rebound follows respective declines of 2.0 and 1.3 per cent over the December 2024 quarter.
• Combined with modest growth in median unit and apartment prices of 0.9 and 2.1 per cent across metropolitan and regional Victoria respectively, this marks the first quarter since December 2021 quarter that positive results have been simultaneously recorded over these four core market segments.
• Port Melbourne (18.6 per cent) and Melton South (8.3 per cent) recorded the highest quarterly and annual median house price increases respectively.
• Two Melbourne suburbs exceeded the 20 per cent quarterly growth mark for units and apartments – Mordialloc (26.9 per cent) and Preston (20.8 per cent) – while units and apartments in Yarrawonga grew by 18.8 per cent.
• Brighton recorded the highest quarterly median prices for both houses ($3,325,000), and units and apartments ($1,355,000).

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