West Melbourne 3
Postcode 3003
Population 8,025
Suburb Profiles

What’s to love in West Melbourne

Median House Price

$1,295,000

Median Unit price

$550,000

Av days on market

49 days

AV Rental per week

$710

West Melbourne Demographics

Median age

20-39

Population

8,025

Median rent

$790

Household income

$1,500 - $1,749

Dwelling structure
Flat or Apartment
79.47%
Semi-detached or Terrace
18.61%
House
1.19%
Other
0.73%
Home ownership
Rented
65.12%
Owner Mortgage
20.62%
Owned Outright
11.75%
Other
2.52%
Method of travel to work
Car
18.14%
Walk
11.55%
Train
5.13%
Bus
0.72%
Industry of employment
Professionals
39.65%
Managers
13.66%
Clerical and Administrative Workers
11.47%
Community and Personal Service Workers
9.86%

Market Performance

Median sale price
Properties sold
Auction clearance
Av days on market

Median sale price in West Melbourne

Median sale price for houses in West Melbourne is $1,295,000, up 8.8% from last year.

Median sale price for units in West Melbourne is $550,000, up 6.8% from last year.

Properties sold in West Melbourne

Properties sold for houses in West Melbourne is 38, up 15.2% from last year.

Properties sold for units in West Melbourne is 301, up 0.0% from last year.

Auction clearance in West Melbourne

Auction clearance for houses in West Melbourne is 65.6%, up 43.2% from last year.

Auction clearance for units in West Melbourne is 47.6%, down 23.8% from last year.

Av days on market in West Melbourne

Av days on market for houses in West Melbourne is 53, down 32.1% from last year.

Av days on market for units in West Melbourne is 45, down 10.0% from last year.

Sales data supplied by Domain

Environment

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