Tips

In Melbourne in 2026, buying is making strong financial sense for people with a stable income and a deposit saved, particularly as the market stabilizes. The median dwelling value sits at an attractive entry point of $800,000+ making it highly competitive compared to other major capital cities. Meanwhile, rents remain historically high. Every week you delay, you miss an opportunistic window into a recovering market. That said, renting is still the smarter short-term choice if you are saving for a deposit, planning to leave Victoria within two to three years, or facing major life changes.