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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 $780,000 and this has changed -35.00% over the past year and changed -37.60% over 2 years.

The median rent in West Melbourne for houses is $695 per week and the median rental yield is 4.63%. Stock on the market for houses/townhouses has changed 114.29% compared to last year and the average time to sell a house/townhouse is 110 days.The median listing price for units is $500,000 and this has changed -7.41% over the past year. The average unit takes 178 days to sell and the median rent for a unit in West Melbourne is $570 per week, producing a rental yield of 5.92%.

Supply & Demand in West Melbourne, Melbourne

2.54%

Current vacancy rate


147

Rental stock available


5,517

Population


49.96%

Rental population


2.45%

Current vacancy rate


3,287

Rental stock available


135,965

Population


52.20%

Rental population


0.93%

Current vacancy rate


28,886

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 $780,000 $1,855,000 $500,000
Median price change - last quarter -18.37% 15.62% 2.90%
Median price change - 1 year -35.00% 69.02% -7.41%
Median price change - 2 years -37.60% NA -10.72%
  House Townhouses Units
Median weekly rent $695 $880 $570
Median yield % 4.63% 2.46% 5.92%
Median rent change - 1 year 6.92% 15.78% 3.63%
  House Units
Previous month sales 2 16
Stock on market previous month 30 160
Stock variance vs. last year 114.29% -9.09%
Average days on market 110 178

West Melbourne investment property listings

Showing 5 of 131 investment properties found in West Melbourne on realestateinvestar.com.au

109/150 Dudley St, West Melbourne

$570,000

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Modern Style Meets Unbeatable City-Edge Convenience

Positioned in the heart of West Melbourne, this beautifully presented apartment offers a perfect balance of style, comfort, and convenience. Ideal for owner-occupiers or investors, it presents an outstanding opportunity to secure a quality home on the city's doorstep. Key Features: - Light-Filled ...

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VIC 3003


1903/105 Batman St, West Melbourne

$630,000

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Exclusive North-Facing Luxury in Magnificent Melbourne Village

A designer blend of quality finish, northern light and spectacular views, this stylish 2 bedroom, 2 bathroom corner apartment sets the standard on the very edge of the CBD. Head downstairs from your 19th floor Melbourne Village retreat and walk to Queen Victoria Market, Flagstaff Gardens greenery, ...

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VIC 3003


810/288 Adderley St, West Melbourne

$1,380,000

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Gadsden Apartments A luxurious slice of West Melbourne

Setting a soaring bar for quality, luxury, and space in West Melbourne, this sublime residence in 'Gadsden Apartments' is an unmissable opportunity! Flawless in its modern presentation and delivering breathtaking views including of the famed Melbourne city skyline, this 3 bedroom, 2 bathroom, 2 ...

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VIC 3003


305/101 Rosslyn St, West Melbourne

$700,000

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Rare Inner-City Offering with Massive Terrace and City Views

Perfectly positioned on the fringe of the CBD, this well-proportioned residence presents a standout opportunity to secure a quality apartment with an outdoor space that is rarely found in this price range. Designed for modern inner-city living, the apartment opens to a generous living and dining ...

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VIC 3003


706/58 Jeffcott St, West Melbourne

$800,000

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Stunning Cityside 3 bedroom available now!

** Offers strictly closing on 29/05 at 5pm unless sold prior! ** Positioned within the sought-after Cityside Apartment complex, this impressive three-bedroom, two-bathroom residence with secure car parking delivers an exceptional standard of city-edge living in the heart of West Melbourne. ...

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VIC 3003


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