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.

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

Median Sale Price

$1.4mil

Metro Melbourne

$845k

Annual Price Change

8.8%

Metro Melbourne

2.3%

Median Rent

$698

Metro Melbourne

$460

Rental Yield

2.6%

Metro Melbourne

2.8%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 73.1%
Days on Market 39 32
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $880,000
3 Bedrooms n/a $750,000
4 Bedrooms n/a $885,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $510 $500
3 Bedrooms n/a $440
4 Bedrooms n/a $490

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

Median Sale Price

$669k

Metro Melbourne

$641k

Quarterly Price Change

-0.2%

Metro Melbourne

0.6%

Median Rent

$480

Metro Melbourne

$430

Rental Yield

3.7%

Metro Melbourne

3.6%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 73.1%
Days on Market 39 32
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $375,575
2 Bedrooms $660,000 $585,000
3 Bedrooms $993,500 $775,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $421 $375
2 Bedrooms $560 $450
3 Bedrooms n/a $530

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