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Investment Property West Melbourne, VIC, 3003

Suburb Snapshot

West Melbourne is a suburb in the Melbourne Region of Victoria. West Melbourne has a population of 5,517 people and 49.96% of its occupants live in rental accommodation. The median listing price for houses is $1,200,000 and this has changed -7.70% over the past year and changed 0.00% over 2 years.

The median rent in West Melbourne for houses is $650 per week and the median rental yield is 2.81%. Stock on the market for houses/townhouses has changed 6.67% compared to last year and the average time to sell a house/townhouse is 47 days.The median listing price for units is $550,000 and this has changed -1.17% over the past year. The average unit takes 202 days to sell and the median rent for a unit in West Melbourne is $550 per week, producing a rental yield of 5.20%.

Supply & Demand in West Melbourne, Melbourne

2.80%

Current vacancy rate


160

Rental stock available


5,517

Population


49.96%

Rental population


2.59%

Current vacancy rate


3,295

Rental stock available


135,965

Population


52.20%

Rental population


0.87%

Current vacancy rate


26,641

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for West Melbourne, Melbourne

  House Townhouses Units
Median listing price $1,200,000 $1,095,000 $550,000
Median price change - last quarter 0.00% 5.54% 0.00%
Median price change - 1 year -7.70% NA -1.17%
Median price change - 2 years 0.00% -21.48% -1.79%
  House Townhouses Units
Median weekly rent $650 $775 $550
Median yield % 2.81% 3.68% 5.20%
Median rent change - 1 year 10.16% 10.71% 14.58%
  House Units
Previous month sales 1 0
Stock on market previous month 16 179
Stock variance vs. last year 6.67% 23.45%
Average days on market 47 202

West Melbourne investment property listings

Showing 5 of 154 investment properties found in West Melbourne on realestateinvestar.com.au

213/9 Dryburgh St, West Melbourne

$410,000

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Stunning Apartment with Panoramic Views

Nestled on the 2nd floor of this exquisite development, this apartment boasts a wealth of features. As you step inside, your attention is drawn to the beautiful timber floors that grace the well-proportioned, air-conditioned open plan kitchen and lounge area. The kitchen showcases high-end ...

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VIC 3003


188/468-480 LaTrobe St, West Melbourne

$900,000

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ROYAL FLAGSTAFF A DUAL LEVEL CITY'S EDGE HAVEN

Offering stunning proportions over two amazing levels, this 3 bedroom 2 bathroom apartment in the Royal Flagstaff complex is more like a townhouse in its layout than an apartment. A dream to live in as is, while also offering potential for buyers who want to add their own contemporary touches. ...

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VIC 3003


39/30 Chetwynd St, West Melbourne

$570,000

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Elevated fourth floor apartment with breathtaking views and excl

Opposite leafy Eades Place this elevated top floor apartment is quietly located at the rear of the development.  The apartment itself exudes modern elegance, with stylish interior and sophisticated finishes that create a sense of refined luxury. Bathed in natural light, thanks to the ...

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VIC 3003


105/218-228 Stanley St, West Melbourne

$799,000

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North Facing Entertainers Paradise, Corner Residence, Large Livi

Stanley & Roden Move in June 2024 - 8.3 NatHERS Rating These two and three-bedroom spacious residences designed by highly acclaimed CHT Architecture pay homage to West Melbourne's industrial past while providing the utmost in modern living. Built with premium quality fixtures and finishes, and ...

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VIC 3003


403/218-228 Stanley St, West Melbourne

$1,499,000

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The Roden Street Penthouse Large North Facing Residence - 148sq

Stanley & Roden Move in June 2024 - 8.3 NatHERS Rating These two and three-bedroom spacious residences designed by highly acclaimed CHT Architecture pay homage to West Melbourne's industrial past while providing the utmost in modern living. Built with premium quality fixtures and finishes, and ...

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