Melbourne house prices

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Falling house prices quickly dampen the appetite to spend.

Only quickest first home buyers to benefit from expanded 5 per cent deposit scheme

The scheme, which has been brought forward by three months, is likely to drive up house prices.

  • Millie Muroi and Shane Wright

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48 Howe Crescent, South Melbourne VIC 3205

Young family pays $5.59m for historic South Melbourne terrace

The home was designed by the architect responsible for Melbourne Grammar and the South Melbourne Town Hall.

  • Shona Hendley
Oliver Bruce auctions the Mary Street home.

Family pays $3.7 million for St Kilda West home

A St Kilda West house guided $225,000 below its reserve price sold for $3,725,000 in post-auction negotiations.

  • Caroline Zielinski
40 Goldsmith Street, Elwood VIC 3184

Our seven favourite homes for sale in Melbourne right now

From a terrace in one of Melbourne’s dress-circle spots to a near-new canalside house, we’ve rounded up the best properties on the market.

  • Mary O'Brien and Lou Sweeney

The act of bastardry that’s hurting young generations

Australians have a tax and welfare system that’s one of the envies of the world. But it’s also transferring masses of wealth to our older generations.

  • Shane Wright

I bought into the dream of apartment living. The reality has been far different

I’m 34, married with no children, and doing a PhD in architecture and planning – the ideal candidate for the state government’s apartment plan. But apartment living has turned out be full of extra costs, defects and frustrations.

  • Merrick Morley
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The Thornbury unit’s extra land was a drawcard for prospective buyers, said selling agent Luke Brizzi from McGrath Northcote.

First home buyer makes aggressive bid to buy Thornbury property in less than a minute

A renovated, single-level unit in Thornbury sold for $1,040,000 in a competitive auction on Saturday which lasted for less than one minute.

  • Shona Hendley
Rebecca Borkman and her partner Byron Tolley are among the thousands of Australians counting the cost of misleading price guides.

This couple spent $500 trying to buy their dream home. They never stood a chance

More than 5550 people told this masthead’s Bidding Blind investigation that they had spent money and time investigating properties that they would later discover they could not afford.

  • Aisha Dow
Three parties competed for the period home in Essendon.

‘Melbourne’s coming back’: Young family pays $200,000 above reserve to nab $1.45m period home

Three parties fought with rapid-fire bids, pushing the price more than $200,000 above the sellers’ hopes.

  • Elizabeth Redman
10A Evelina Road, Toorak VIC 3142

Our favourite homes for sale in Victoria right now

From a Victorian terrace to a home with a Parisian feel, we’ve rounded up the best properties on the market right now to help you choose.

  • Mary O'Brien and Lou Sweeney