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Melbourne / VIC is a deep education, healthcare and professional-services market with strong inner-ring rental demand and a 2025 Victorian short-stay levy overlay. In the Australia beta page it should be read as a practical diligence market, not a headline destination: tenant depth, local regulation, exit liquidity and building-level permissions decide the outcome. Demand is mainly supported by Universities, Healthcare and life sciences, Corporate services, while the investor case is strongest as a selective buy-and-hold allocation. For Israeli buyers, the key is to verify title, bank/KYC, tax registration, local property management and STR legality before relying on gross yield. The row therefore uses conservative sourced fields and keeps unsupported STR yield cells null rather than inventing performance.

↔ Stable🇮🇱 Moderate Israeli Activity
Currency:
Price Range/m²AUD 8,646–AUD 11,687/m² (₪17,752–₪23,997/m²)
LTR Yield
STR Yield4.2%–4.8%
YoY Growth+5.3%
Flights from TLV

* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.

Local STR Rules — Melbourne

Victoria applies a short-stay levy and local/building permissions still control lawful STR operation.

Market Analysis — Melbourne

Key demand drivers and main investment risks

Demand Drivers

  • Universities
  • Healthcare and life sciences
  • Corporate services
  • Events and culture tourism

⚠️Key Risks

  • Apartment supply cycles
  • VIC short-stay levy
  • Foreign-buyer surcharges
  • Weak CBD-office spillover

🇮🇱 Notes for Israeli investors

Israeli familiarity exists but is not deep for Melbourne / VIC. Use local counsel and property management; do not assume direct TLV flight coverage or Hebrew-service depth unless the buyer verifies current airline schedules and provider capacity.

Properties in Melbourne

1437 for sale·505 for rent

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AUD 429K
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AUD 699K
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AUD 680K
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AUD 415K
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AUD 407K
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AUD 344K
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AUD 603K
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AUD 432K
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AUD 715K
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AUD 1.6M
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AUD 479K
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AUD 420K
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AUD 575K
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AUD 430K
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AUD 990K
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AUD 510K
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AUD 455K
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AUD 998K
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AUD 405K
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AUD 998K
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AUD 562K
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AUD 845K
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AUD 450K
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AUD 565K
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AUD 669K
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AUD 669K
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AUD 669K
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AUD 630K
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AUD 475K
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AUD 658K
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AUD 430K
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AUD 4.7M
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AUD 995K
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AUD 4.1M
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AUD 624K
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AUD 449K
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AUD 385K
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AUD 380K
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AUD 440K
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AUD 460K
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AUD 655K
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Properties for Sale in Melbourne

Latest Listings

Showing 1–12 of 50 listings

2-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 650,000(₪1,345,800)

2-Bed Apartment in Southbank

Southbank, Melbourne
22
apartment
Source: realestate.com.au
View Listing
2-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 580,000(₪1,200,868)

2-Bed Apartment in Southbank

Southbank, Melbourne
22
apartment
Source: realestate.com.au
View Listing
1-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 400,000(₪828,185)

1-Bed Apartment in Southbank

Southbank, Melbourne
11
apartment
Source: realestate.com.au
View Listing
1-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 750,000(₪1,552,847)

1-Bed Apartment in Southbank

Southbank, Melbourne
11
apartment
Source: realestate.com.au
View Listing
3-Bed Apartment · 118 m² in Southbank
CASABROVA
realestate.com.au
AUD 1,750,000(₪3,623,309)
AUD 14,831/m²

3-Bed Apartment · 118 m² in Southbank

Southbank, Melbourne
32118
apartment
Source: realestate.com.au
View Listing
2-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 520,000(₪1,076,640)

2-Bed Apartment in Southbank

Southbank, Melbourne
22
apartment
Source: realestate.com.au
View Listing
2-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 190,000,185,000(₪393,388,163,035)

2-Bed Apartment in Southbank

Southbank, Melbourne
21
apartment
Source: realestate.com.au
View Listing
1-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 432,000(₪894,440)

1-Bed Apartment in Southbank

Southbank, Melbourne
11
apartment
Source: realestate.com.au
View Listing
1-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 407,000(₪842,678)

1-Bed Apartment in Southbank

Southbank, Melbourne
11
apartment
Source: realestate.com.au
View Listing
2-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 602,500(₪1,247,453)

2-Bed Apartment in Southbank

Southbank, Melbourne
21
apartment
Source: realestate.com.au
View Listing
1-Bed Apartment in Southbank
CASABROVA
realestate.com.au
AUD 520,000(₪1,076,640)

1-Bed Apartment in Southbank

Southbank, Melbourne
11
apartment
Source: realestate.com.au
View Listing
1-Bed Apartment · 66 m² in Southbank
CASABROVA
realestate.com.au
AUD 699,000(₪1,447,253)
AUD 10,591/m²

1-Bed Apartment · 66 m² in Southbank

Southbank, Melbourne
1166
apartment
Source: realestate.com.au
View Listing

Yield by Neighborhood — Melbourne

Microzone investment comparison — CASABROVA

Microlayer
NeighborhoodPrice/m²STR YieldSTR Status
Carlton
N/A
Docklands
N/A
CBD
N/A
Fitzroy
N/A
Richmond
N/A
Southbank
N/A
St Kilda
N/A
CBD-Southbank-Docklands
N/A
Fitzroy-Collingwood
N/A
South Yarra-Prahran
N/A

Service Providers in Melbourne

Lawyers, brokers, property managers, contractors

View all providers

Market Review — Melbourne

Australia is a rule-of-law, high-credit market, but it is not a casual foreign-buyer market. Treat it as a counsel-led allocation: confirm FIRB eligibility, state surcharge taxes, bank appetite and vacancy-tax exposure before LOI.

The CASABROVA view is selective rather than broadly bullish. Sydney and Melbourne give institutional liquidity; Brisbane and Perth may offer better yield/entry trade-offs. Currency exposure sits in AUD, so an ILS-funded buyer should model FX separately from property yield.

For 2026, use Australia for capital preservation and tenant-quality exposure, not for easy leverage or STR optionality. If the asset depends on short-stay income, verify the state and municipal rules before pricing it.

Last updated: May 11, 2026

Discussions — Melbourne

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Important Legal Disclaimer

The information presented on CASABROVA is for general informational purposes only and does not constitute legal, financial, tax, or investment advice. This information is not binding and should not be relied upon as the basis for any decision. Before executing any transaction or investment in overseas real estate, consult with a qualified lawyer, accountant, tax advisor, and/or any other relevant professional in the relevant territory.

Tax, regulatory, and yield data change frequently. CASABROVA makes efforts to update information weekly from primary sources, but is not responsible for the accuracy of the information or for changes not yet reflected. All figures presented are indicative only.