702/187 Flinders Lane

Melbourne VIC 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,216 properties. Over the last 5 years, Houses in Melbourne have seen a -21.74% decrease in median value, while Units have seen a -3.46% decrease. As at 31 October 2025:

• The median value for Houses in Melbourne is $1,015,953 while the median value for Units is $443,745.
• Houses have a median rent of $625 while Units have a median rent of $650.