Real estate in Victoria

  • Median days on market 43
  • Median sale price $595K
  • Number sold 5690
  • Annual growth -2%
  • Total listing 24665
  • Change in rental rate 2%
  • Number of agents 8588
  • Median rent 410pw
  • Median days on market 44
  • Median sale price $525K
  • Number sold 2114
  • Annual growth 0%
  • Total listing 10569
  • Change in rental rate 4%
  • Number of agents 8588
  • Median rent 420pw

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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 8588 Real Estate Agents in Victoria.

More than 98928 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 24598 reviews on 2163 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

Following a significant spike in Q2 (+2.8), Q3 has seen Victoria's consumer sentiment jump another +1.4 points to a total index of 5.0. This suggests a strong optimism among home sellers that dwelling values will increase within the next 6 months.

Factors that are likely to be attributed to this confidence include the cumulative 3.2% increase in house prices during August and September across the state and the current strong housing demand in Melbourne.

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 Victoria

More than 98928 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. In Victoria OpenAgent has 24598 reviews on 2163 real estate agents. These are the Home Sellers Choice Award winning real estate agents in Victoria.

Tim Heavyside recently sold a 2 bedroom apartment at 4/109 Albion Road, VIC 3128 Box Hill

Will Ainsworth recently sold a 3 bedroom house at 4 Perry Court, VIC 3218 Herne Hill

Joe Mavrikos recently sold a 4 bedroom house at 14 Genoa Chase, VIC 3338 Cobblebank

Ashley Weston recently sold a 2 bedroom house at 4/52 Overport Road, VIC 3199 Frankston South

Paul and Gina Organtzidis recently sold a 4 bedroom house at 17 Mcbride Road, VIC 3808 Beaconsfield Upper

Paul Ringeri recently sold a 4 bedroom house at 22 Bounty Way, VIC 3806 Berwick

See all winners