Real estate in Victoria

  • Median days on market 32
  • Median sale price $595K
  • Number sold 5745
  • Annual growth 6%
  • Total listing 35037
  • Change in rental rate 3%
  • Number of agents 8130
  • Median rent 400pw
  • Median days on market 44
  • Median sale price $505K
  • Number sold 1526
  • Annual growth 5%
  • Total listing 13524
  • Change in rental rate 4%
  • Number of agents 8130
  • Median rent 410pw

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Real Estate Agents in Victoria

Despite its small land mass of approximately 227,000 square kilometres, Victoria (VIC) is not only the most urbanised state, but it is also Australia's most densely populated one, with over 6.3 million residents. It's known for its diversified economy, with thriving sectors ranging from finance and services, to manufacturing, education, and of course, real estate. With the strong and steady growth of the urban state, Melbourne house prices play a major role in setting up Victoria's property market to rival that of NSW's. There are 8130 Real Estate Agents in Victoria.

More than 99476 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. . The region of Victoria with the most sales was Melbourne. In Victoria OpenAgent has 21596 reviews on 2041 real estate agents.

Median property price for property in VIC

Victoria is recognised as having one of the strongest and steadiest real estate markets in the country. Data shows that median sale prices are continuing to grow for both units and houses across the state at a very steady pace.

VIC OpenAgent Seller Sentiment

In Victoria, consumer index scores held at +3.4 points at the beginning of Q3 2018 before dropping to +2.8 in August and falling further in September, ending the quarter on +2.7. This is a significant decline compared to last year when the index was at +5.4.

The index this quarter is the lowest sentiment score since 2016 and is the first time that Victoria has dropped below +3.0.

As the market continues to cool, sentiment may continue to decline in the coming months.

Real estate agent fees in VIC

While real estate agent commission rates are generally negotiable, the average Victoria commission rate is approximately 2.78%. This percentage is contingent on the active real estate agents statewide, the various markets and properties for sale. Fee structures will also have a significant influence on commission rates, as it may or may not also cover marketing and advertising costs of the property going to market. To estimate the average commission rate for your local area, use our commission calculator below.

Real Estate Commissions Calculator

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Top agents in VIC

More than 99476 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. In Victoria OpenAgent has 21596 reviews on 2041 real estate agents. These are the Home Sellers Choice Award winning real estate agents in Victoria.

Will Ainsworth recently sold a 3 bedroom house at 28 Wellington Street, VIC 3218 Geelong West

Joe Mavrikos recently sold a 3 bedroom house at 2/166 Exford Road, VIC 3338 Melton South

Tim Heavyside recently sold a 3 bedroom house at 21 Chessell Street, VIC 3129 Mont Albert North

Shane Spiteri recently sold a 4 bedroom house at 107 Long Tree Drive, VIC 3337 Harkness

Paul Ringeri recently sold a 3 bedroom house at 103 Fairhaven Boulevard, VIC 3977 Cranbourne West

Ashley Weston recently sold a 5 bedroom house at 26 Shearer Court, VIC 3199 Frankston South

See all winners