Download your FREE reports now!

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 180 investment properties found in West Melbourne on realestateinvestar.com.au

710/53 Batman St, West Melbourne

$260,000

property pic

Free-Flowing Size will Surprise on the Edge of the City

A serene showcase of city-edge luxury, this low-maintenance 1 bedroom apartment sets the bar high for value, luxury and lifestyle allure. Embrace the tranquillity of a prized West Melbourne address with the lively CBD a matter of footsteps away! Take a short walk to Flagstaff Gardens greenery, ...

Get more info on this property
rei

1

rei

1

rei

0

Unit

VIC 3003


1903/105 Batman St, West Melbourne

$630,000

property pic

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, ...

Get more info on this property
rei

2

rei

2

rei

1

Unit

VIC 3003


2203/45 Dudley St, West Melbourne

$2,200,000

property pic

Rare CBD Sub-Penthouse Sanctuary With Sweeping Views

Expressions of Interest Closing Friday 22nd May at 5.00pm (Unless Sold Prior) Occupying a substantial portion of the 22nd floor, this impressive sub-penthouse offers the space and privacy of a standalone home, combined with effortless CBD living. Designed for those who value scale, comfort and ...

Get more info on this property
rei

3

rei

2

rei

2

Unit

VIC 3003


301/392 Spencer St, West Melbourne

$448,000

property pic

Stylish, Sunlit and Spacious with Work-from-Home Style

Designed in harmony with a dynamic inner-city lifestyle, this stylish 2 bedroom, 2 bathroom apartment will instantly inspire with sunlit space, unmatched comfort, and the work-from-home luxury of a sizeable study area. Zoned to the prestigious University High School, take an easy walk to Southern ...

Get more info on this property
rei

2

rei

2

rei

0

Unit

VIC 3003


11/28 Ireland St, West Melbourne

$1,150,000

property pic

Three Level Modern Family Townhouse Right On The Edge Of The CBD

Unfolding with style, comfort, and house-like proportions, this light-filled, family sized 3 bedroom 2 bathroom townhouse is the peaceful retreat you have been looking for to secure your future in one of inner-Melbourne's best and most exclusive boutique warehouse redevelopments. Designed by ...

Get more info on this property
rei

3

rei

2

rei

1

Townhouse

VIC 3003


Navigate to more Suburbs, Regions or States