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West Melbourne
VIC, 3003 - Melbourne

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

Belle Property UNIT 505, 112 ADDERLEY ST, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms2 Parking 1 $850,000 - $900,000
Belle Property UNIT 405, 89 RODEN ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 1 $380,000 - $410,000
Belle Property 183-185 STANLEY ST, WEST MELBOURNE, VIC, 3003 Beds Bathrooms $1,800,000 - $1,980,000
Belle Property UNIT 504, 2 HAWKE ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 1 Under Offer
Belle Property LEVEL 2, UNIT 218, 121 ROSSLYN ST, WEST MELBOURNE, VIC, 3003 Beds3 Bathrooms2 Parking 2 $1,850,000 - $1,950,000
Harcourts UNIT 102, 107 HAWKE ST, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms1 Parking 1 Contact Agent
Harcourts UNIT 1611, EAST TOWER, 393 SPENCER ST, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms2 Parking 1 Sale On Hold
Harcourts UNIT 1102, 392 SPENCER ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 1 $408,000 to $448,800
Nelson Alexander UNIT 1, 248 ADDERLEY ST, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms1 Parking 1 Auction $1,550,000 - $1,650,000
Nelson Alexander UNIT 1, 225-227 ADDERLEY ST, WEST MELBOURNE, VIC, 3003 Beds3 Bathrooms2 Parking 2 Auction $1,450,000 - $1,550,000
Nelson Alexander UNIT L1, 109 HAWKE ST, WEST MELBOURNE, VIC, 3003 Beds3 Bathrooms1 Parking 1 Private Sale $975,000
Nelson Alexander 205-207 STANLEY ST, WEST MELBOURNE, VIC, 3003 Beds3 Bathrooms1 Private Sale $2,300,000
Nelson Alexander 4-6 PHOENIX LANE, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms1 Parking 1 Private Sale - $2,300,000
Professionals UNIT 310, 112 ADDERLEY ST, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms2 Parking 1 $670,000-$730,000
Professionals LEVEL 14, UNIT 1403, 105 BATMAN ST, WEST MELBOURNE, VIC, 3003 Beds2 Bathrooms2 Parking 1 $610,000-$640,000 MUST SELL
Professionals UNIT 909, 5 WOMINJEKA WALK, WEST MELBOURNE, VIC, 3003 Beds3 Bathrooms2 Parking 2 $900,000-$989,000
Ray White UNIT 514, 121 ROSSLYN ST, WEST MELBOURNE, VIC, 3003 Beds3 Bathrooms2 Parking 2 800000
Ray White UNIT 113, 140 DUDLEY ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 0 330000
Ray White UNIT 2802, 65 DUDLEY ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 1 390000
Ray White LEVEL 5, UNIT 507, 393 SPENCER ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 1 410000
Ray White UNIT 206, 53 BATMAN ST, WEST MELBOURNE, VIC, 3003 Beds1 Bathrooms1 Parking 0 250000

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

We are currently collecting information for this location.

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
Jan1.516.427.042.886.82.923.8
Feb1.015.925.844.486.52.720.3
Mar1.114.524.145.488.12.515.6
Apr2.012.120.848.090.92.410.6
May1.610.017.752.389.42.97.8
Jun1.37.715.059.893.72.56.9
Jul1.37.814.456.989.53.37.4
Aug1.67.815.151.289.33.010.0
Sept1.49.317.746.188.93.114.0
Oct1.411.121.142.889.33.218.3
Nov1.812.522.443.488.62.920.8
Dec2.014.624.843.588.62.824.0

source: Australian Government Bureau of Meteorology


Internet Speed

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Nearby Suburbs

KensingtonDocklandsNorth MelbourneFlemingtonPort MelbourneFootscraySouth WharfSeddonTravancoreParkville

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