Real estate in Victoria

  • Median days on market 35
  • Median sale price $605K
  • Number sold 5554
  • Annual growth 3%
  • Total listing 16654
  • Change in rental rate 2%
  • Number of agents 8839
  • Median rent 410pw
  • Median days on market 37
  • Median sale price $545K
  • Number sold 2045
  • Annual growth 9%
  • Total listing 8651
  • Change in rental rate 2%
  • Number of agents 8839
  • Median rent 410pw

Stay up-to-date with what's going on in your area

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 8839 Real Estate Agents in Victoria.

More than 159421 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 25663 reviews on 2198 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

USEFUL RESOURCES

Top agents in Victoria

More than 159421 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. In Victoria OpenAgent has 25663 reviews on 2198 real estate agents. These are the Home Sellers Choice Award winning real estate agents in Victoria.

Tim Heavyside recently sold a 3 bedroom house at 32 High Street, VIC 3127 Mont Albert

Joe Mavrikos recently sold a 4 bedroom house at 8 Hall Mark Place, VIC 3337 Kurunjang

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

Ashley Weston recently sold a 3 bedroom house at 7 Abbeygate Court, VIC 3199 Frankston

Debbie Brettoner recently sold a 5 bedroom house at 3 Shand Court, VIC 3806 Berwick

See all winners