The Melbourne Housing Market

Widely known as the "World's Most Liveable City", Melbourne is home to many people. But what are the factors that influence the prices of properties in Melbourne? This visualisation explores the Melbourne housing market between 2016-2018.

Average Property Prices by Council

The choropleth map (left) of Greater Melbourne shows the average property prices based by council. Areas closer to the Melbourne CBD are much more costly than those further away. However, it can be seen that the City of Melbourne is not the location of the most expensive properties. City of Stonnigton , City of Bayside , and City of Boroondara have the highest average property prices where property in City of Boroondara has an average price of $1,827,679.

Relationships that Influence Property Prices

The scatterplot (left) shows the relationship of land area and building area by region and council. Most properties do not exceed 700 square metres. Overall, Melboure in City of Melbourne has the lowest land area and building area. Within City of Monash, Glen Waverley has the largest building area. Mickleham in City of Hume has both large land area and building area. Kooyong in City of Stonnigton has the highest average price of $3,080,000.

Type and Number of Properties Sold by Region

Number of Properties Sold Over a Typical Year

Over the years 2016-2018, between May and July is the period where most properties are sold for all regions in Melbourne. Drops occur between Dec to Jan where not many properties are being sold. Western Metropolitan , Northern Metropolitan and Southern Metropolitan are the most active regions compared to the other regions. Southern Metropolitan has the most diverse type of properties sold with 63.24% houses , 9.05% townhouses and 27.71% units .

This visualisation is created by Damian Ngau. The datasource is from Kaggle.