Real estate in Victoria

  • Median days on market 32
  • Median sale price $770K
  • Number sold 5586
  • Annual growth -3%
  • Total listing 26334
  • Change in rental rate 9%
  • Number of agents 8872
  • Median rent 480pw
  • Median days on market 35
  • Median sale price $590K
  • Number sold 2504
  • Annual growth -5%
  • Total listing 12997
  • Change in rental rate 17%
  • Number of agents 8872
  • Median rent 470pw

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 8872 Real Estate Agents in Victoria.

More than 177589 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 38705 reviews on 2316 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


Top agents in Victoria

More than 177589 recently sold properties are evaluated by OpenAgent to identify Victoria's most prominent agents. In Victoria OpenAgent has 38705 reviews on 2316 real estate agents. These are the Home Sellers Choice Award winning real estate agents in Victoria.

Tim Heavyside recently sold a 4 bedroom house at 23 Norman Street, VIC 3124 Camberwell

Shane Spiteri recently sold a 0 bedroom land at 10 Taxon Road, VIC 3338 Weir Views

Joe Mavrikos recently sold a 4 bedroom house at 269 Gisborne-Melton Road, VIC 3337 Kurunjang

Paul and Gina Organtzidis recently sold a 5 bedroom house at 5 Ponds Way, VIC 3804 Narre Warren North

Dominic Morrison recently sold a 4 bedroom house at 7 Chelsea Place, VIC 3350 Alfredton

Will Ainsworth recently sold a 2 bedroom unit at 7/6-8 Stafford Street, VIC 3218 Herne Hill