Profile for West Melbourne

3003

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.

Looking for a member in this area?

Choose a Member

Recent Sales & Auction Results in West Melbourne

Address Price Type Method Sale Date Agent
Property List
809/5 Wominjeka Wlk, West melbourne 2 Apartment Private Sale 12/03/2024 Belle Property Ascot Vale

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$1.35m

Metro Melbourne

$930k

Annual Price Change

-2.9%

Metro Melbourne

-10.6%

Median Rent

$595

Metro Melbourne

$550

Rental Yield

2.3%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 61.5% 72.5%
Days on Market 45 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms n/a $815,000
4 Bedrooms n/a $970,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms $560 $540
3 Bedrooms n/a $500
4 Bedrooms n/a $560

Median data for December Quarter 2023. Click here for details.

Median Sale Price

$510k

Metro Melbourne

$633k

Quarterly Price Change

-3.8%

Metro Melbourne

-0.1%

Median Rent

$550

Metro Melbourne

$500

Rental Yield

5.5%

Metro Melbourne

4.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate 61.5% 72.5%
Days on Market 45 40
Median price by Bedrooms Suburb Metro
1 Bedroom $365,000 $370,000
2 Bedrooms $565,000 $600,000
3 Bedrooms $1,105,000 $850,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom $500 $420
2 Bedrooms $645 $520
3 Bedrooms $950 $600

Loading chart...

Find an Agent

Whether you are selling, buying, leasing or renting, choose an REIV member.

Find a Member

Member Exclusive Data

REIV Members log in to download the complete list of median prices by suburb and town.

Download Median Report

PropertyData

The credible and trusted source of data for real estate professionals.

Find out more