Victoria's built form market ended 2025 on a high, but early 2026 rate rises quickly reversed the momentum

Unit price growth in Melbourne outpaced house price growth, with strong performance in the middle and outer rings.

Overall unit values reached a three year high of $656,500 in Q4 2025, up 2% on the previous quarter, and ahead of the 1.8% recorded for houses over the same period.

The 5% Deposit Scheme heavily favours medium and high density dwellings, particularly in Melbourne’s middle and outer rings where a significant share of stock is priced under the $950,000 threshold.