Price drops in Melbourne
Listings for sale in Melbourne, VIC 3004 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
58
31% of 187 live listings
Median cut
4.9%
$41K off the asking price
Days listed before cut
63
median, first listed to latest cut
Cuts, last 30 / 90 days
37 / 46
16 listings have raised instead
Melbourne price-drop summary
58 listings in Melbourne (31% of the 187 on the market) are advertised below an earlier asking price. The typical reduction is 4.9%, about $41K. Going the other way, 16 listings have raised the asking price.
Largest current cuts in Melbourne
The 30 biggest of 58, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 1602/499 St Kilda Rd | $1,020,000 | $860,000 | -15.7% | 2 bed Apartment | |
| 1201/1 Union St | $4,100,000 | $3,500,000 | -14.6% | 4 bed Apartment | |
| 601/12 Queens Road | $1,200,000 | $1,045,000 | -12.9% | 3 bed Apartment | |
| 1301/601 St Kilda Road | $1,250,000 | $1,115,000 | -10.8% | 2 bed Apartment | |
| 801/34 Queens Road | $1,650,000 | $1,485,000 | -10.0% | 1 bed Apartment | |
| 28/1 Albert Road | $1,220,000 | $1,100,000 | -9.8% | 2 bed Apartment | |
| 11/449-453 St Kilda Road | $975,000 | $880,000 | -9.7% | 2 bed Apartment | |
| 1305/8 Bowen Crescent | $2,090,000 | $1,900,000 | -9.1% | 3 bed Apartment | |
| 185/418 St Kilda Road | $1,100,000 | $1,000,000 | -9.1% | 3 bed Apartment | |
| 2/20 Commercial Road | $770,000 | $700,000 | -9.1% | 1 bed Apartment | |
| 1406/12 Queens Road | $690,000 | $630,000 | -8.7% | 2 bed Apartment | |
| 102/15 Queens Road | $850,000 | $780,000 | -8.2% | 2 bed Apartment | |
| 507/83 Queens Road | $715,000 | $660,000 | -7.7% | 2 bed Apartment | |
| 901/601 St Kilda Road | $2,000,000 | $1,850,000 | -7.5% | 3 bed Apartment | |
| 1304/605 St Kilda Road | $750,000 | $695,000 | -7.3% | 2 bed Apartment | |
| 503/19 Queens Road | $1,400,000 | $1,300,000 | -7.1% | 3 bed Apartment | |
| 1002/450 St Kilda Road | $700,000 | $650,000 | -7.1% | 2 bed Apartment | |
| 18/32 Queens Road | $560,000 | $520,000 | -7.1% | 2 bed Apartment | |
| 1507/605 St Kilda Road | $750,000 | $700,000 | -6.7% | 2 bed Apartment | |
| 504/601 St Kilda Rd | $748,000 | $700,000 | -6.4% | 2 bed Apartment | |
| 408/603 St Kilda Road | $715,000 | $670,000 | -6.3% | 2 bed Apartment | |
| 1008/14 Queens Road | $800,000 | $750,000 | -6.3% | 2 bed Apartment | |
| 104/77 Queens Road | $650,000 | $610,000 | -6.2% | 2 bed Apartment | |
| 105/348 St Kilda Road | $495,000 | $465,000 | -6.1% | 2 bed Apartment | |
| 8/416 St Kilda Road | $850,000 | $799,000 | -6.0% | 3 bed Apartment | |
| 1406/582 St Kilda Road | $1,750,000 | $1,650,000 | -5.7% | 3 bed Apartment | |
| 1211/12 Queens Road | $530,000 | $500,000 | -5.7% | 2 bed Apartment | |
| 1401/8 Bowen Crescent | $740,000 | $699,000 | -5.5% | 2 bed Apartment | |
| 301/499 St Kilda Road | $470,000 | $445,950 | -5.1% | 1 bed Apartment | |
| 611/55 Queens Road | $650,000 | $620,000 | -4.6% | 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?
58 listings for sale in Melbourne VIC 3004 are currently advertised below an earlier asking price, 31% of the 187 listings on the market. 37 of those cuts were recorded in the last 30 days and 46 in the last 90.
How much are Melbourne sellers cutting their prices by?
The median cut is 4.9%, or $41K, 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 63 days from when the listing first appeared to its latest price cut, across 58 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.