Find the top real estate agents in Melbourne

Melbourne sits with a recognisable inner, middle and outer ring pattern that shapes who turns up at opens. The CBD remains the dominant employment hub, with Parkville's established medical and university precinct driving steady interest in nearby inner north suburbs. Inner South and Bayside are defined by their mix of period terraces and apartment living, an established auction culture for higher-priced stock, and a steady stream of professionals and downsizers drawn to coastal lifestyle and easy access to the city. Median prices have edged up gently, up 2.9% on the year to $780,000, and the median sits just off the cycle high reached in February 2026.

Homes are selling in a median of 29 days, much the same pace as a year ago. Auctions are clearing at 67% over the past year.⁽¹⁾ Ongoing renewal in precincts around the CBD and Fishermans Bend is keeping inner city apartment turnover visible, while major rail upgrades and new station links are increasingly reshaping buyer interest in middle-ring suburbs. Overseas interest has become more selective, concentrating on Bayside and central apartments, and a steady trickle of lifestyle-driven buyers toward the Mornington Peninsula and Yarra Valley is supporting demand for weekenders and renovated older homes. For sellers, location still defines the likely buyer profile, but transport improvements and precinct renewal are shifting which suburbs feel most active.

The average commission rate is 1.78% (around $14,000 on a median-priced home). Real estate agents in Melbourne tend to have lower rates because high property values and dense local competition allow for tighter margins, while outside the city rates often increase to reflect longer campaign periods and broader marketing reach. When selecting an agent, look beyond the commission rate. Compare their specific track record in your local area, their recent sales volume, and their experience with properties similar to yours. Receive a personalised shortlist of top agents in your local area from our agent comparison tool to sell more confidently.