Positive quarterly price results across metropolitan and regional houses and units for the third consecutive quarter speak to a diverse market offering opportunities for both sellers and discerning buyers.
Quarterly median data for the period ending 30 September 2025 released today by the Real Estate Institute of Victoria (REIV) shows that house prices climbed 2.7 per cent and 2.5 per cent in metropolitan Melbourne and regional Victoria respectively, with unit prices also recording 2.1 per cent and 1.4 per cent increases.
Brighton East led metropolitan growth with a remarkable 31.8 per cent quarterly increase, pushing its median house price to $2,598,500. The suburb led a diverse top ten metropolitan growth list that includes the likes of affluent Surrey Hills and emerging growth suburbs such as Melton South. In addition, eight of the ten suburbs in the list set new record highs in the quarter.
Regional Victoria’s housing market also continued its resurgence, with the median price climbing to $636,500, surpassing its previous peak of $624,500 set in March 2022.
Metropolitan unit and apartment price growth was driven by significant gains in outer (3.4 per cent) and middle (2.5 per cent) Melbourne, with a record-setting median auction price of $804,500.
Jacob Caine, REIV Interim CEO, said the latest quarterly data reflects an ongoing improvement in the state’s real estate landscape, and serves as a source of optimism for both buyers and sellers alike.
“What we are seeing from these results is a Victorian property market benefitting from continued buyer-friendly conditions, headlined by August’s interest rate cut,” said Mr Caine.
“With some uncertainty around economic conditions remaining, there is also a willingness on the part of buyers to seek out value across the breadth of the state’s diverse real estate market. This is demonstrated in the demand for regional houses and metropolitan units, which can represent more affordable options than metropolitan houses.
“This data once again demonstrates the long-term value offered by the Victorian real estate market.”
Media Contact: media@reiv.com.au - 03 9205 6607