West Melbourne Suburb ProfileVictoria 3003
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West Melbourne has 7,568 properties. Over the last 5 years, Houses in West Melbourne have seen a -9.58% decrease in median value, while Units have seen a -15.06% decrease. As at 30 November 2024:
- The median value for Houses in West Melbourne is $1,134,300 while the median value for Units is $489,911.
- Houses have a median rent of $660 while Units have a median rent of $600.
The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of total area. The population of West Melbourne in 2011 was 3,743 people. By 2016 the population was 5,511 showing a population growth of 47.2% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation. In 2011, 38.9% of the homes in West Melbourne were owner-occupied compared with 34.5% in 2016.
Market Insights
West Melbourne Trends for Houses
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West Melbourne Trends for Units
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Neighbourhood Insights
Age
Population 5,511
0-9
6%
10-19
5%
20-29
39%
30-39
26%
40-49
11%
50-59
7%
60-69
4%
70-79
2%
Household Structure
Occupancy
Recent Sales in WEST MELBOURNE 3003
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Properties for sale in WEST MELBOURNE 3003
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Properties for rent in WEST MELBOURNE 3003
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Last Updated: 22/12/2024
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