Price drops in Melbourne
Listings for sale in Melbourne, VIC 3000 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
276
31% of 902 live listings
Median cut
4.5%
$25K off the asking price
Days listed before cut
85
median, first listed to latest cut
Cuts, last 30 / 90 days
158 / 219
36 listings have raised instead
Melbourne price-drop summary
276 listings in Melbourne (31% of the 902 on the market) are advertised below an earlier asking price. The typical reduction is 4.5%, about $25K. Going the other way, 36 listings have raised the asking price.
Largest current cuts in Melbourne
The 30 biggest of 276, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 909A/8 Franklin Street | $480,000 | $318,000 | -33.8% | 2 bed Apartment | |
| 2002/222 Russell Street | $880,000 | $749,000 | -14.9% | 3 bed Apartment | |
| 2306/639 Little Lonsdale Street | $510,000 | $435,000 | -14.7% | 1 bed Apartment | |
| 2312/27 Little Collins | $374,000 | $320,000 | -14.4% | 1 bed Apartment | |
| 809/200 Spencer Street | $440,000 | $380,000 | -13.6% | 1 bed Apartment | |
| 3/27 Flinders Lane | $520,000 | $450,000 | -13.5% | 1 bed Apartment | |
| 702/8 Sutherland Street | $480,000 | $420,000 | -12.5% | 2 bed Apartment | |
| 2902/639 Lonsdale Street | $580,000 | $510,000 | -12.1% | 2 bed Apartment | |
| 1801/280 Spencer St | $590,000 | $520,000 | -11.9% | 2 bed Apartment | |
| 1205/33 Mackenzie Street | $550,000 | $485,000 | -11.8% | 2 bed Apartment | |
| 5810/371 Little Lonsdale Street | $770,000 | $680,000 | -11.7% | 2 bed Apartment | |
| 6/191 Franklin Street | $1,300,000 | $1,150,000 | -11.5% | 2 bed Apartment | |
| 3512/601 Little Lonsdale Street | $390,000 | $345,000 | -11.5% | 1 bed Apartment | |
| 2911/120 A'beckett Street | $550,000 | $490,000 | -10.9% | 2 bed Apartment | |
| 103/160 Little Lonsdale Street | $430,000 | $385,000 | -10.5% | 2 bed Apartment | |
| 2612/157 A'Beckett Street | $670,000 | $600,000 | -10.4% | 2 bed Apartment | |
| 101/17 Spring Street | $5,500,000 | $4,950,000 | -10.0% | 2 bed Apartment | |
| 6608/442-450 Elizabeth Street | $500,000 | $450,000 | -10.0% | 1 bed Apartment | |
| 2910/135 A'Beckett Street | $500,000 | $450,000 | -10.0% | 2 bed Apartment | |
| 4412/601 Little Lonsdale Street | $630,000 | $568,000 | -9.8% | 2 bed Apartment | |
| 3803/80 A'Beckett Street | $520,000 | $470,000 | -9.6% | 2 bed Apartment | |
| 2406/36-40 La Trobe Street | $425,000 | $385,000 | -9.4% | 1 bed Apartment | |
| 1205/648 Lonsdale Street | $640,000 | $580,000 | -9.4% | 1 bed Apartment | |
| 2905/22-24 Jane Bell Lane | $750,000 | $680,000 | -9.3% | 2 bed Apartment | |
| 4111A/260 Spencer Street | $860,000 | $780,000 | -9.3% | 2 bed Apartment | |
| 406/57 Spencer Street | $430,000 | $390,000 | -9.3% | 1 bed Apartment | |
| 1/640 Elizabeth Street | $700,000 | $635,000 | -9.3% | 1 bed Apartment | |
| 4112/601 Little Lonsdale Street | $625,000 | $568,000 | -9.1% | 2 bed Apartment | |
| 6003/500 Elizabeth Street | $1,100,000 | $1,000,000 | -9.1% | 3 bed Apartment | |
| 4602/81 Abeckett Street | $550,000 | $500,000 | -9.1% | 2 bed Apartment |
Suburb profile
Melbourne market data
Median prices, rents, growth and vacancy for Melbourne.
Sold prices
Recent sales in Melbourne
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Melbourne: common questions
How many properties in Melbourne have had a price drop?
276 listings for sale in Melbourne VIC 3000 are currently advertised below an earlier asking price, 31% of the 902 listings on the market. 158 of those cuts were recorded in the last 30 days and 219 in the last 90.
How much are Melbourne sellers cutting their prices by?
The median cut is 4.5%, or $25K, measured from the previous advertised asking price to the current one on each listing.
How long are Melbourne listings on the market before the price drops?
A median of 85 days from when the listing first appeared to its latest price cut, across 276 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.