Market snapshot
Suburb insights for West Melbourne3003
Change suburbWest Melbourne, 2 km west of the CBD’s western boundary, combines riverside warehouses converted into apartments with industrial precincts and emerging commercial hubs. The suburb benefits from proximity to Docklands, the Victoria Markets, and major transport arteries, including freight and light rail. Ideal for commuters and investors, it blends inner-city redevelopment with industrial heritage.
Sales data
Median sale price
$1.5mil
Annual price change
17.4%
Metro Melbourne Comparison
$992k
4.9%
| Bedrooms | West Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $950,000 |
| 3 | $1,585,500 | $863,000 |
| 4 | - | $980,500 |
| Insight | West Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 60% | 74.9% |
| Days on market | 44 | 37 |
Rental data
Median weekly rent
$783
Rental yield
2.7%
Metro Melbourne Comparison
$580
3.1%
| Bedrooms | West Melbourne | Metro comparison |
|---|---|---|
| 2 | $595 | $595 |
| 3 | $850 | $550 |
| 4 | - | $595 |
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