Properties For Sale in Melbourne, Australia 2026

Melbourne's real estate market has shown resilience and growth potential, making it an attractive destination for international investors. As of the latest data, the city has approximately 600 properties available for sale, signifying a robust market. The median property price in Melbourne is around AUD 1 million, with a year-on-year growth rate of 7%. The city's diverse economy and status as a cultural and educational hub contribute to its real estate appeal. Investors are particularly drawn to suburbs like South Yarra and Carlton, known for their high rental yields and demand. Melbourne’s market stability, strong rental returns, and capital growth prospects make it a promising investment location.

International buyers looking to invest in Melbourne need to be aware of specific legal requirements. Buyers must obtain approval from the Foreign Investment Review Board (FIRB) before purchasing property. This process involves a fee that varies based on the property's value. Additionally, international investors are only permitted to purchase new dwellings or vacant land for development, ensuring they contribute positively to housing supply. It's crucial to engage with a local solicitor or conveyancer familiar with Australian property law to navigate the purchase process smoothly and ensure compliance with all legal requirements.

Melbourne offers competitive rental yields compared to other major Australian cities, making it appealing for investors seeking steady income. On average, rental yields in Melbourne range between 3% to 4.5%, depending on the property's location and type. Suburbs like Brunswick and Fitzroy offer some of the highest yields due to their popularity among young professionals and students. While Sydney might offer slightly higher capital growth, Melbourne provides a balanced mix of yield and long-term investment potential due to its growing population and strong rental demand.

Melbourne is renowned for its vibrant cultural scene, diverse culinary experiences, and high quality of life, making it an attractive city for international property buyers. The city frequently ranks among the world's most livable, offering excellent healthcare, education, and public transport infrastructure. Suburbs like St Kilda and Southbank are particularly popular due to their proximity to beaches and cultural institutions like the National Gallery of Victoria. Melbourne's sporting events, such as the Australian Open and AFL, along with numerous festivals, provide a rich community experience unmatched by other cities.

International buyers have several financing options when purchasing property in Melbourne. Many Australian banks and lending institutions offer mortgage products tailored to non-residents, though terms and interest rates may vary. Typically, international buyers can expect to secure up to 70% of the property's value, with the rest covered by the down payment. It's advisable to consult with a local mortgage broker who can provide insights into the best financial products and help navigate the complexities of securing a loan from abroad.

Melbourne's reputation as an educational hub significantly influences its real estate market. With prestigious institutions like the University of Melbourne and RMIT University attracting students worldwide, there is consistent demand for rental properties. Suburbs like Parkville and Carlton, located near major universities, see high demand for student accommodation, thus offering attractive rental yields for investors. The city's focus on innovation and research further boosts its appeal, drawing not only students but also academics and professionals, which in turn supports housing market stability.

Several infrastructure projects are underway in Melbourne that promise to enhance the city's property values. The Metro Tunnel project, slated for completion in 2025, will significantly improve connectivity across the city, particularly benefiting suburbs like North Melbourne and Parkville. Additionally, the West Gate Tunnel and various road upgrades are expected to ease congestion and improve accessibility. These initiatives are likely to boost property values in nearby areas, making early investment in these regions potentially lucrative for forward-thinking international buyers.

The process of purchasing property in Melbourne as an international investor involves several key steps. Firstly, it's essential to secure Foreign Investment Review Board (FIRB) approval. Once approved, engage a local real estate agent and solicitor to guide you through the buying process. Conduct thorough due diligence on the property, including title searches and building inspections. Financing should be arranged with an Australian bank familiar with international clients. After negotiating and signing the contract of sale, a settlement period typically follows, during which final payments are made, and legal formalities are completed. A local expert will ensure the process runs smoothly and in compliance with Australian laws.