Market snapshot

Suburb insights for West Melbourne3003

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West Melbourne is a sprawling region with the Yarra River forming part of its southern border. The west section is mostly devoted to railway lines container yards shipping docks and industrial warehouse and wholesale activities. The east is mainly residential. West Melbourne contains a dynamic mix of old and new housing community facilities retail and industry. Parts of this area including the streetscapes and buildings have recognised heritage value.

Sales data

Median sale price
$1.5mil
Annual price change
12.1%
Metro Melbourne Comparison
$916k
-3.2%
BedroomsWest MelbourneMetro comparison
2-$902,000
3-$807,500
4-$950,000
InsightWest MelbourneMetro comparison
Clearance rate73.3%
Days on market5542

Rental data

Median weekly rent
$725
Rental yield
2.5%
Metro Melbourne Comparison
$575
3.3%
BedroomsWest MelbourneMetro comparison
2$670$560
3$838$550
4-$595
Median data for the current quarter
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