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.

Recent sales and auction results in West Melbourne

AddressBedroomsPriceTypeMethodSale DateAgentListing
405/118 Dudley St, West melbourne2PriceApartmentAuction Sale20/07/2024MICM Real EstateView
803/105 Batman St, West melbourne2PriceApartmentPrivate Sale6/07/2024Ironfish Real Estate - MelbourneView
41/33 Jeffcott St, West melbourne3PriceApartmentPrivate Sale1/07/2024MICM Real EstateView
316/9 Dryburgh St, West melbourne1PriceUnitPrivate Sale15/06/2024Belle Property Carlton & MelbourneView

Sales data

Median sale price
$1.4mil
Annual price change
8%
Metro Melbourne Comparison
$912k
-4.3%
BedroomsWest MelbourneMetro comparison
2-$902,500
3-$810,000
4-$955,000
InsightWest MelbourneMetro comparison
Clearance rate60%73.8%
Days on market5742

Rental data

Median weekly rent
$700
Rental yield
2.6%
Metro Melbourne Comparison
$560
3.2%
BedroomsWest MelbourneMetro comparison
2$640$550
3-$540
4-$580
Median data for the current quarter
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