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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 1 of 1 investment properties found in West Melbourne on realestateinvestar.com.au

2109/105 Batman St, West Melbourne

$535,000

property pic

Northeast-Facing 2-Bedroom Apartment with City Views | Melbourne

Enjoy light-filled, low-maintenance living in this designer 2-bedroom apartment, perfectly positioned in the northeast corner of the premium Melbourne Village complex. Featuring open-plan living and dining, a Miele-appointed kitchen with stone benchtops, and a private balcony with sweeping city ...

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VIC 3003


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