Thinking about buying in West Melbourne? Now could not be a better time, with 12884 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,313,000 with prices in this suburb ranging from $221,000 to $115,490,000. West Melbourne is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $414.29 |
| Median Monthly Mortgage | $2057.17 |
| Median Persons Per Bedroom | 1.03 |
| Average Household Size | 2.00 |
| Average Age | 32.21 |
| Average Income | $1117.38 |
| Average Cars Per Dwelling | 0.87 |
| Average Properties Within 50M | 614 |
Housing Stock
Average Property Prices
| 1 Bed $636,000 |
| 2 Bed $1,945,000 |
| 3 Bed $1,967,000 |
| 4 Bed $2,213,000 |
| 5 Bed $2,520,000 |
| 6 Bed+$2,324,000 |
West Melbourne Real Estate Market Outlook
In West Melbourne there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in West Melbourne is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in West Melbourne changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in West Melbourne the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Units for sale West Melbourne
2
2
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Local Schools
Simonds Catholic College
River Nile School
St Joseph's Flexible Learning Centre Melbourne
St Monica's School
Holy Rosary School
Footscray City Primary School
North Melbourne Primary School
Kensington Primary School
University High School
Ozford College
(While the above schools are located with the suburb of West Melbourne there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
West Melbourne weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
| Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
| Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
| Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
| May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
| Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
| Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
| Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
| Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
| Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
| Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
| Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Stop D10: NewQuay Promenade - Less than 2 KM
Stop D10: NewQuay Promenade - Less than 2 KM
Stop D11: The District - Less than 2 KM
Stop D11: The District - Less than 2 KM
Stop D2: Central Pier - Less than 2 KM
Stop D2: Central Pier - Less than 2 KM
North Melbourne - Less than 2 KM
Victoria Harbour Ferry Berths - Less than 2 KM
Macaulay - Less than 2 KM
Kensington - Less than 2 KM
General Points of Interest
Hall's Taekwondo Centre - Less than 10 KM
Trinity College - Less than 5 KM
Como Centre - Less than 10 KM
Admiral Creswell Memorial - Less than 10 KM
Melbourne Cricket Ground - Less than 10 KM
Olympia Gymnasium - Less than 5 KM
Centenary Bridge Pillar - Less than 5 KM
Altona Badminton Centre - Less than 10 KM
Sunshine Marketplace - Less than 10 KM
Flemington Grandstand - Less than 5 KM
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