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 8440
  • 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 8440
  • 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 8440 Real Estate Agents in Victoria.

More than 92741 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 24151 reviews on 2143 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

Seniment in Victoria shows a similar story to NSW with an upward trend coming to light and values bouncing back from +0.8 at the end of March to +3.6 in June. The spike in seller positivity has been influenced by a number of factors including looser credit lending restrictions that has been stimulating more buyer activity, as well as the Coalition win.

Similar to Sydney, Melbourne showed its first positive increase in CoreLogic’s home value index since November 2017. In March, 37% of Victorian vendors believed home prices would increase within the next six months compared to 60% in June. 

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 92741 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. In Victoria OpenAgent has 24151 reviews on 2143 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 4 Perry Court, VIC 3218 Herne Hill

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

Tim Heavyside recently sold a 3 bedroom house at 24 Compton Street, VIC 3126 Canterbury

Debbie Brettoner recently sold a 4 bedroom house at 10 Vert Avenue, VIC 3805 Narre Warren South

Paul Ringeri recently sold a 5 bedroom house at 10 Crepe Avenue, VIC 3977 Cranbourne West

Paul and Gina Organtzidis recently sold a 4 bedroom house at 5 Ruffles Close, VIC 3805 Narre Warren South

See all winners