ABS 2021 Census · Updated 31 March 2026
Melbourne is an inner-city suburb of Melbourne, Australia, with a population of approximately 54,941, making it a significant urban area. Located 1 km from the Melbourne CBD, Melbourne is a inner city area in Victoria. The median household income is $75,296 AUD per year (ABS 2021 Census).
Melbourne has a solid income profile that supports reliable occupancy rates. Its proximity to the CBD adds a strong location premium.
Map shows Melbourne, Victoria, Australia.
Official Australia Post postcode for Melbourne. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 14 schools within or near this suburb based on ABS 2021 data.
Find schools near Melbourne on My School →Estimated 22 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As an inner-city location, Melbourne benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $381/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,800/month. The median household income of $75,296/year reflects a solid demographic, supporting sustainable rental demand. With only 0% separate houses, Melbourne has a significant apartment and unit market — typical of inner-city investment corridors.
Holding property in Melbourne over the medium term may deliver steady, if unspectacular, returns.
Melbourne can deliver reasonable rental income, though yields are not the primary draw.
Some renovation potential exists in Melbourne, though margins may be tighter due to higher base prices or competition.
Run the numbers on a Melbourne property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Melbourne should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Overall, investor sentiment toward Melbourne is positive, backed by solid fundamentals.
Melbourne is a inner city area in Victoria with a population of 54,941. The median rent is $381/week and the median household income is $75,296/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Melbourne include employment proximity and urban lifestyle. 0% of dwellings are separate houses. The area has approximately 14 schools and 22 parks nearby.
According to the ABS 2021 Census, Melbourne has a population of approximately 54,941. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Melbourne is approximately 1 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.