Trustworthy sales data for April 2026 is sourced from CoreLogic, Cotality, Domain, PropTrack, REIV, RBA, and ATO research. Current data indicates a Melbourne median auction house price of $937,500, which is 6.3% lower than the $1,001,000 recorded during the same week in 2025.
The Melbourne market is currently defined by a two-speed dynamic where affordable outer-suburban properties are outperforming the city median. This divergence means broad city averages often obscure the actual performance of specific eastern corridors.
Current auction clearance rates
For the week ending 11 April 2026, the Melbourne clearance rate was 59.1%, marking the first sub-60% result of the year (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO). House clearance rates sat at 57.2%, while unit clearance rates were marginally higher at 59.1%.
Year-on-year price changes
The median auction price for houses in Melbourne reached $937,500 in the week ending 11 April 2026 (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO). This is a 6.3% decrease compared to the $1,001,000 median recorded during the same week in 2025.
The impact of seasonal timing
Autumn, spanning March to May, is the second-strongest selling season in Melbourne. While Spring attracts the highest number of buyers, Autumn typically offers vendors lower competition from other sellers while maintaining strong buyer activity (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO).
The interstate price gap
The median house price gap between Melbourne and Sydney now exceeds $600,000 (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO). Historically, it is unusual for Melbourne’s median to sit below Perth’s or only marginally above Adelaide’s.
The appraisal spread
The gap between city-wide medians and specific corridor performance creates a significant appraisal spread. Because affordable outer-suburban segments are outperforming the rest of the city, a property’s exact location now dictates its value more than general city trends.
| Metric (Melbourne) | Week Ending 11 April 2026 | Same Week 2025 |
|---|---|---|
| Clearance Rate | 59.1% | 66.8% |
| Median House Auction Price | $937,500 | $1,001,000 |
Frequently asked questions
How are Melbourne house prices performing compared to other capital cities?
Melbourne’s median house price is currently more than $600,000 below Sydney’s. It has recently dipped below Perth’s median and sits only marginally above Adelaide’s (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO). This represents a historically wide discount for Australia’s second-largest city compared to other major capitals.
Is April a good time to list a property for sale?
Autumn, spanning March to May, is Melbourne’s second-strongest selling season. While Spring sees the highest buyer numbers, Autumn often provides a strategic advantage for vendors due to lower competition from other sellers, while genuine buyer interest remains high (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO).
What is the current auction clearance rate in Melbourne?
For the week ending 11 April 2026, the Melbourne clearance rate was 59.1%, the first result below 60% for the year (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO). House clearance rates specifically sat at 57.2%, while units were slightly higher at 59.1%.
Are outer suburbs performing differently than the city centre?
Yes, a two-speed market is evident. Affordable and outer-suburban properties are currently outperforming the city median, driven by investors and first-home buyers. Conversely, inner-city high-density apartments have experienced softer conditions (CoreLogic/Cotality/Domain/PropTrack/REIV/RBA/ATO).
Questions to ask your agent
- How does the current clearance rate in this specific eastern corridor compare to the 59.1% city-wide average?
- What percentage of recent comparable sales in this street were new-builds versus renovated heritage homes?
- Based on the current $600,000+ discount relative to Sydney, are you seeing an increase in interstate investor inquiries for this property?
This article contains general market information based on data current as at April 2026. It does not constitute financial, legal, or real estate advice specific to your property or circumstances. For an appraisal and tailored advice, speak with a Fletchers agent in your area.