Profile for West Melbourne

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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.

Recent Sales & Auction Results in West Melbourne

Address Price Type Method Sale Date Agent
Property List
301/107 Hawke St, West melbourne 2 Apartment Private Sale 25/03/2020 Lucas Real Estate

Median data for December 2019 Quarter. Click here for details.

Median Sale Price

$1.26mil

Metro Melbourne

$825k

Annual Price Change

-6.5%

Metro Melbourne

-1.2%

Median Rent

$700

Metro Melbourne

$460

Rental Yield

2.9%

Metro Melbourne

2.9%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 74%
Days on Market 53 34
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $861,000
3 Bedrooms n/a $730,000
4 Bedrooms n/a $865,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms n/a $430
4 Bedrooms n/a $480

Median data for December 2019 Quarter. Click here for details.

Median Sale Price

$680k

Metro Melbourne

$639k

Quarterly Price Change

-1.8%

Metro Melbourne

3.8%

Median Rent

$458

Metro Melbourne

$430

Rental Yield

3.6%

Metro Melbourne

3.7%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 74%
Days on Market 53 34
Median price by Bedrooms Suburb Metro
1 Bedroom $367,500 $365,000
2 Bedrooms $660,000 $573,400
3 Bedrooms $975,000 $767,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $421 $370
2 Bedrooms $550 $450
3 Bedrooms n/a $530

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