Real estate in Victoria

  • Median days on market 33
  • Median sale price $670K
  • Number sold 7759
  • Annual growth 3%
  • Total listing 19805
  • Change in rental rate 2%
  • Number of agents 8842
  • Median rent 410pw
  • Median days on market 37
  • Median sale price $585K
  • Number sold 2806
  • Annual growth 5%
  • Total listing 12121
  • Change in rental rate -1%
  • Number of agents 8842
  • Median rent 395pw

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

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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 8842 Real Estate Agents in Victoria.

More than 185732 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 25989 reviews on 2210 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

Having started the quarter slow and steady, Victoria wrapped up Q4 of 2019 with a bang - boasting a +1.2 point spike in sentiment in December. This takes the state to a current index of +6.2 - giving them the highest sentiment across all other states.

Taking a look at the data, this translates to a strong optimism in the market, as 85% of Victorian home sellers believe house prices will continue to grow in the next 6 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.

** This figure is based on data provided to us by real estate agents who use our services.
Real Estate Commissions Calculator

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Top agents in Victoria

More than 185732 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. In Victoria OpenAgent has 25989 reviews on 2210 real estate agents. These are the Home Sellers Choice Award winning real estate agents in Victoria.

Tim Heavyside recently sold a 4 bedroom townhouse at 1/30 Haig Street, VIC 3125 Burwood

Joe Mavrikos recently sold a 0 bedroom land at 31 Marong Avenue, VIC 3338 Eynesbury

Will Ainsworth recently sold a 3 bedroom townhouse at 3/5 Calder Street, VIC 3218 Manifold Heights

Shane Spiteri recently sold a 3 bedroom house at 18 George Street, VIC 3340 Bacchus Marsh

Paul Ringeri recently sold a 4 bedroom house at 25 Ovata Place, VIC 3977 Cranbourne West

Ashley Weston recently sold a 3 bedroom townhouse at 3/34 Ronald Avenue, VIC 3199 Frankston South

See all winners