1. Australia
  2. Victoria

Victoria

Victoria as a whole, as the publisher reports it.

No state figure

Victoria publishes no figure for the state as a whole, so there is none here. A median of the areas below would count a small market equally with a large one, which is not what a reader would take a state median to mean.

What can be said: of the 146 suburbs we hold, half rent above $565 a week.

Regions

Victoria groups its suburbs into thirteen regions and publishes a median for each, computed over every lease in the region.

146 suburbs

A single suburb, as the publisher names it. Jump to a letter, or search the list.

L

From approval to completed home

Every stage between permission and a home somebody can live in, for Victoria. An approval is the weakest evidence in this chain and a completion is the strongest — only the last line counts dwellings that exist.

The chain, March quarter 2026

Approved54,137the twelve months to March 2026 · knowable 6 August 2026 · ABS building approvals, summed over the state
Approved and not yet started3,797March quarter 2026 · knowable 8 July 2026 · ABS building activity — a count at this date
Started55,261the twelve months to March 2026 · knowable 8 July 2026 · ABS building activity
Under construction61,641March quarter 2026 · knowable 8 July 2026 · ABS building activity — a count at this date
Completed54,599the twelve months to March 2026 · knowable 8 July 2026 · ABS building activity

The first three lines are permission and intent. Only the last counts homes that exist.

Started against approved102%the twelve months to March 2026
Finished against started99%the twelve months to March 2026
Years of work under construction1.1at the rate of March quarter 2026
Approved pipeline not yet started6%of everything approved and unfinished at March quarter 2026

Dwellings were started at 102% of the rate they were approved over the twelve months to March 2026.

More were finished than started (99%), so the number under construction fell.

What is under construction represents about 1.1 years of building at the current rate of completions.

These are counts of activity in a period, not a cohort. The Australian Bureau of Statistics does not publish which approvals became which commencements, so none of these figures says what share of any particular approvals was built.

Where these numbers come from

The latest figures here cover the twelve months to September quarter 2025, which ended 30 September 2025. December quarter 2025 has since closed and no figures for it have appeared here. Either the publisher has not released it or we have not yet retrieved it; we do not guess which, and nothing here is filled in meanwhile.

The rent figures here are published by Department of Families, Fairness and Housing and used under an open licence. Any other figure on this page names its own publisher on the line it appears on. Every rent figure is either as published or arithmetic on figures as published. APRIQ models and estimates nothing: where a figure is a publisher’s own estimate — an estimated resident population is one — it is called an estimate where it is shown. Growth is measured between named quarters, never by counting back rows, because an area is published only when it clears the publisher’s reporting threshold. Every market listed has a current figure, at least 20 bonds behind it and at least 8 quarters of history. Markets with less get no page rather than a thin one. Method, sources and licences.