Melbourne Property for Sale: Apartments and Penthouses
Properties in Melbourne
Why Melbourne?
Melbourne is the capital of Victoria and one of Australia's largest and most liveable cities, known for its architecture, dining, arts scene and universities. It attracts a steady stream of international residents and students, which supports demand for well-located apartments.
Where do buyers focus in Melbourne?
Southbank, Docklands and the CBD are the main high-rise apartment precincts. South Yarra, Toorak and Brighton are the established premium residential suburbs. St Kilda and the bayside suburbs suit buyers who want a beach lifestyle close to the city. Our current Melbourne listing is The Eighth Penthouse.
Can overseas buyers purchase property in Melbourne?
Foreign buyers of Australian residential property generally need Foreign Investment Review Board (FIRB) approval before they purchase, and are usually limited to new dwellings or off-the-plan apartments rather than established houses. State foreign-buyer duty surcharges and, in some cases, annual land tax surcharges also apply, and they differ between Victoria and Western Australia. Australian citizens and permanent residents buy without these restrictions. The rules and rates change, so we confirm your position and the full cost of purchase before you proceed.
What does Rick Flay Real Estate offer buyers in Melbourne?
A boutique agency that handles the process for interstate and overseas buyers: FIRB guidance where it applies, access to new-development stock, and introductions to local legal and finance partners. We represent the buyer.
Buyer guide: Buying Property Overseas: Mistakes to Avoid
Frequently asked questions
Can a foreigner buy an apartment in Melbourne?
Generally yes, with FIRB approval and usually limited to new or off-the-plan dwellings, plus Victorian foreign-buyer duty surcharges. We confirm your position before you commit.
Where do international buyers usually buy in Melbourne?
Inner-city apartments in Southbank, Docklands and the CBD are the most common, with South Yarra and Toorak for the premium end.
Why buy in Melbourne rather than Sydney or Brisbane?
Melbourne is a large, established market with a strong cultural and education draw. The right city depends on your budget, purpose and rental plans, and we compare specific properties.