Profile for West Melbourne

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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.

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Recent Sales & Auction Results in West Melbourne

Address Price Type Method Sale Date Agent
Property List
1/49-59 Stanley St, West melbourne 2 Unit Auction Sale 15/06/2024 Belle Property Carlton & Melbourne
70 Hawke St, West melbourne 2 House (Res) Auction Sale 15/06/2024 Woodards

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$1.5m

Metro Melbourne

$925k

Annual Price Change

4.9%

Metro Melbourne

-7.5%

Median Rent

$650

Metro Melbourne

$550

Rental Yield

2.3%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 47.5 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms n/a $810,000
4 Bedrooms n/a $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $600 $550
3 Bedrooms n/a $520
4 Bedrooms n/a $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$559k

Metro Melbourne

$635k

Quarterly Price Change

9.1%

Metro Melbourne

0.3%

Median Rent

$570

Metro Melbourne

$520

Rental Yield

5.6%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 47.5 40
Median price by Bedrooms Suburb Metro
1 Bedroom $390,000 $370,000
2 Bedrooms $580,000 $600,000
3 Bedrooms $1,202,500 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $500 $450
2 Bedrooms $650 $540
3 Bedrooms $950 $620

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