Sell My House Melbourne
About Melbourne
Melbourne is approximately 9,992 square kilometres in size and currently ranks as the second most liveable city in the world. It was also ranked as the world’s most liveable city for seven years in a row, from 2011 until 2017. The population of Melbourne is approximately 4.9 million. The predominant age group in Melbourne is 25-34 years. Households in Melbourne are primarily childless couples and are likely to be repaying between $1800 – $2400 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2006, 32.9% of the homes in Melbourne were owner-occupied compared with 34.5% in 2011. (source: Australian Bureau of Statistics).
Agent commissions in Melbourne
Agent commissions in Melbourne are among the lowest in the country. To sell a property in Melbourne with a conventional agent you can expect to pay around 1.6% to 2.5% plus GST, averaging close to 2.1%. Regional Victoria commonly runs 2.5% to 3.5%. Commission isn’t regulated anywhere in Australia and is always negotiable, so get three quotes and ask for the figure in dollars. Our guide to agent commission by state has the full breakdown. On top of the commission, you would also generally have to pay additional advertising fees such as Realestate.com.au upgrades, which can increase your total cost significantly. All up, your total cost is likely to be $14,000 – $20,000+ if you decide to sell through an agent, as opposed to a fraction of that if you sell your home yourself with the help of PropertyNow.
The real estate market in Melbourne
Melbourne’s market is falling. Values dropped 3.9% over the three months to August 2026 and are down 4.7% across the year, which leaves the city roughly 6.8% below its March 2022 peak.
Melbourne, Sydney and Canberra are the capitals going backwards over the year. Every other capital is still up, with Perth ahead 15.6% and Brisbane 10.8%.
Nationally, values fell 0.9% in August 2026, a fifth straight monthly decline. Regional Victoria has held up better than Melbourne, easing 1.4% over the quarter while still sitting 4.6% higher across the year.
As at August 2026, the median dwelling value in Melbourne is $786,718, with median house values at $920,432 and median unit values at $629,054.
The median weekly rent across all Melbourne dwellings is $646. Gross rental yields are 3.5% for houses and 5.1% for units.
Homes are taking longer to sell. The median time on market in Melbourne is 39 days in the three months to July 2026, up from 32 days a year earlier, and the median vendor discount has widened to 3.8%.
Selling property in Melbourne without an agent
Given Melbourne’s cooling market, selling your home without an agent could be a great option to save on agent fees. By not paying a commission, you get more room to negotiate the sale price with buyers.
So, where do you start? If you’re in Melbourne and want to sell privately, your first step is to determine your property’s market price. We can help. Request a free property value report from us here at PropertyNow.
We also provide access to agent-only websites like realestate.com.au and a full platform to manage your listing for a flat fee of $979.
If you’d like to know more about selling your property privately in Melbourne, contact us for more information or a free guide.
*Market figures updated September 2026, sourced from Cotality.
Reviews from people who sold their house privately with PropertyNow
Julian sold his property in Fitzroy North and said “Great customer service, quick response and good chat function.”
Angela sold her property in Mill Park. “PropertyNow provided the support and knowledge I needed to have the confidence to sell my property on my own. Their support and feedback throughout the process was great. I highly recommend them,” she enthused.
Eve sold her property in Montmorency. She told us, “I can’t recommend PropertyNow highly enough. Forget about paying real estate agent percentages and just do it! The site is easy to use, all the information and all the help you need is available at a moment’s notice, with friendly good humour and excellent knowledge, experience and professionalism.
Signage has a very professional look (unlike some agent-assisted sales sites), extras are not expensive and well worth having, and everything is done with a minimum of fuss or delay. I haven’t been able to think of anything that could have been done better. Even if there is a minor mistake on occasion, it is rectified straight away once queried. I expect I will use PropertyNow for any property that I sell in the future. Thank you again!”