Melbourne Inner property prices by suburb
Median house prices, sales activity and demographics for the 25 Melbourne Inner suburbs we research. Prices run from $1,115,000 in Kensington to $6,637,000 in Toorak, all from public government records.
Victoria publishes suburb medians only, so these pages cover prices, sales activity, demographics and, for most suburbs, schools. No street-level sale data is published for this state.
- Suburbs tracked
- 25
- in Melbourne Inner
- Dearest house
- $6,637,000
- Toorak
- Most affordable house
- $1,115,000
- Kensington
- Data to
- October 2025
- public records
Melbourne Inner suburbs compared
Every suburb we publish in Melbourne Inner, sorted by median price. Open any suburb for the full profile. House and unit medians are ranked separately, because the two measure different things.
| Suburb | Postcode | Median | Basis | Updated |
|---|---|---|---|---|
| Ranked by house median | ||||
| Toorak | 3142 | $6,637,000 | House | October 2025 |
| Malvern | 3144 | $2,768,000 | House | October 2025 |
| Armadale | 3143 | $2,643,000 | House | October 2025 |
| Albert Park | 3206 | $2,309,000 | House | October 2025 |
| Elwood | 3184 | $2,203,000 | House | October 2025 |
| Malvern East | 3145 | $2,176,000 | House | October 2025 |
| South Yarra | 3141 | $2,059,000 | House | October 2025 |
| South Melbourne | 3205 | $1,699,000 | House | October 2025 |
| St Kilda East | 3183 | $1,698,000 | House | October 2025 |
| Prahran | 3181 | $1,670,000 | House | October 2025 |
| Fitzroy North | 3068 | $1,661,000 | House | October 2025 |
| St Kilda | 3182 | $1,638,000 | House | October 2025 |
| Port Melbourne | 3207 | $1,585,000 | House | October 2025 |
| Fitzroy | 3065 | $1,575,000 | House | October 2025 |
| Carlton | 3053 | $1,542,000 | House | October 2025 |
| Windsor | 3181 | $1,467,000 | House | October 2025 |
| Balaclava | 3183 | $1,402,000 | House | October 2025 |
| Richmond | 3121 | $1,402,000 | House | October 2025 |
| North Melbourne | 3051 | $1,325,000 | House | October 2025 |
| Collingwood | 3066 | $1,321,000 | House | October 2025 |
| West Melbourne | 3003 | $1,292,000 | House | October 2025 |
| Kensington | 3031 | $1,115,000 | House | October 2025 |
| Ranked by unit median | ||||
| Southbank | 3006 | $583,000 | Unit | October 2025 |
| Docklands | 3008 | $573,000 | Unit | October 2025 |
| Melbourne | 3000 | $547,000 | Unit | October 2025 |
3 of these 25 suburbs lead with a unit median rather than a house median, because too few houses sold there for a house median to be honest. The Basis column marks which is which, and the range above uses house medians only.
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How these numbers are built
Every figure comes from public government records, re-cut per suburb. Victoria medians come from the state's published suburb price series, and demographics from the ABS Census at suburb level. Open a suburb page for the full source list and the date each dataset was published.