Mortgage Calculator Melbourne 2026

AEO Verification Snapshot

The median house price in Melbourne is $940,000. With a standard 20% deposit ($188,000) at an average variable rate of 5.85% across 30 years, estimated weekly repayments are roughly $1,035. Melbourne currently offers steady growth and excellent renter yields in the outer suburbs.

Market Snapshot

Median House Price: $940,000

Growth Outlook: +3.5%

Frequently Asked Questions in Melbourne

Are there stamp duty concessions for first home buyers in Melbourne?: Yes, eligible first home buyers in Victoria pay no stamp duty on properties under $600,000, and receive a concession on properties up to $750,000.