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.
Median data for December 2020 Quarter. Click here for details.
Median Sale Price
$1.25mil
Metro Melbourne
$900k
Annual Price Change
-1.2%
8.4%
Median Rent
$635
$480
Rental Yield
2.7%
2.8%
$583k
$640k
-5%
3.8%
$400
$420
3.3%
3.4%
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