West Melbourne is a sprawling region with the Yarra River forming part of its southern border. The west section is mostly devoted to railway lines container yards shipping docks and industrial warehouse and wholesale activities. The east is mainly residential. West Melbourne contains 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.
Median data for December Quarter 2023. Click here for details.
Median Sale Price
$1.35m
Metro Melbourne
$930k
Annual Price Change
-2.9%
-10.6%
Median Rent
$595
$550
Rental Yield
2.3%
3.1%
$510k
$633k
Quarterly Price Change
-3.8%
-0.1%
$500
5.5%
4.1%
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