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 Victorian suburb. 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.

Sources & methodology

Market data sources are named beside the figures above. APRIQ keeps the publication period, source, licence and calculation method available for inspection. See full sources & methodology →