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.
Recent sales and auction results in West Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 2 Laurens St, West Melbourne | 2 |  | Apartment | Auction Sale | 5/12/2025 | Ray White CRE | View |
| 45/28 Jeffcott St, West Melbourne | 4 |  | Apartment | Private Sale | 24/11/2025 | MICM Real Estate | View |
| 581 King St, West Melbourne | 4 |  | House | Private Sale | 23/11/2025 | Lucas Mills Real Estate | View |
| 106/140 Dudley St, West Melbourne | 1 |  | Apartment | Private Sale | 20/11/2025 | Ironfish Real Estate - Melbourne | View |
| 459 King St, West Melbourne | 5 |  | Townhouse | Private Sale | 17/11/2025 | Jellis Craig | View |
Sales data
Median sale price
$1.4mil
Annual price change
-4%
Metro Melbourne Comparison
$955k
0.8%
| Bedrooms | West Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $910,000 |
| 3 | - | $830,000 |
| 4 | - | $951,500 |
| Insight | West Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 81.4% | |
| Days on market | 51 | 36 |
Rental data
Median weekly rent
$800
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | West Melbourne | Metro comparison |
|---|---|---|
| 2 | $595 | $580 |
| 3 | $825 | $550 |
| 4 | $953 | $600 |
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