Profile for West Melbourne

3003

West Melbourne is a sprawling region with the Yarra River forming part of its southern border. The west section of West Melbourne is mostly devoted to railway lines, container yards, shipping docks, and industrial, warehouse and wholesale activities. The east is mainly residential. West Melbourne's residential area is 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. West Melbourne's industrial area has access to the airport, the wider metropolitan region, the Victorian road network and the Port of Melbourne via Dynon and Footscray roads and the Dynon Rail Terminal. The area is home to Coode Island petrochemical facility and Swanston and Appleton docks.

Looking for a member in this area?

Choose a Member

Recent Sales & Auction Results in West Melbourne

Address Price Type Method Sale Date Agent
Property List
401/162 Rosslyn St, West melbourne 1 Apartment Private Sale 06/01/2021 MICM Real Estate

Median data for December 2020 Quarter. Click here for details.

Median Sale Price

$1.25mil

Metro Melbourne

$900k

Annual Price Change

-1.2%

Metro Melbourne

8.4%

Median Rent

$635

Metro Melbourne

$480

Rental Yield

2.7%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 78.5%
Days on Market 61 32
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $915,000
3 Bedrooms n/a $782,500
4 Bedrooms n/a $955,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $550 $500
3 Bedrooms $700 $450
4 Bedrooms n/a $499

Median data for December 2020 Quarter. Click here for details.

Median Sale Price

$583k

Metro Melbourne

$640k

Annual Price Change

-5%

Metro Melbourne

3.8%

Median Rent

$400

Metro Melbourne

$420

Rental Yield

3.3%

Metro Melbourne

3.4%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 78.5%
Days on Market 61 32
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $394,000
2 Bedrooms $625,000 $600,000
3 Bedrooms n/a $788,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $373 $350
2 Bedrooms $450 $430
3 Bedrooms n/a $530

Loading chart...

Find an Agent

Whether you are selling, buying, leasing or renting, choose an REIV member.

Find a Member

Member Exclusive Data

REIV Members log in to download the complete list of median prices by suburb and town.

Download Median Report

PropertyData

The credible and trusted source of data for real estate professionals.

Find out more