West Melbourne, VIC 3003

West Melbourne, VIC 3003

Compare Part of Melbourne

1.21 km
Distance from CBD
3 k
Population

Auction Times

Sat 16 Jan
Auction Time Agency
G05/162 Rosslyn Street
2 1 1 Apartment
10:30 AM
Sat 16th Jan
MICM Melbourne Lonsdale Street
Median Sale Price
House
$1.05M
Updated on Dec 2020
2 BR
$875K
3 BR
$1.22M
4 BR
$1.5M
Unit
$557K
Updated on Dec 2020
1 BR
$368K
2 BR
$595K
3 BR
$831K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$715,000
0.0% $440,000 $1,525,000 17
2010
$816,000
+12.4% $460,000 $1,800,000 26
2011
$1,120,000
+27.1% $445,000 $1,560,000 23
2012
$790,500
-41.7% $493,000 $2,210,000 19
2013
$1,030,000
+23.3% $455,300 $1,900,000 29
2014
$860,000
-19.8% $608,000 $1,870,000 26
2015
$1,005,000
+14.4% $690,000 $1,800,000 21
2016
$1,181,000
+14.9% $585,000 $2,370,000 12
2017
$1,470,000
+19.7% $915,500 $2,430,000 21
2018
$1,300,000
-13.1% $685,000 $2,400,000 16
2019
$1,260,000
-3.2% $760,000 $2,029,999 16
2020
$1,340,000
+6.0% $945,000 $1,550,000 10
2021
-
- - - -
Median Sale Price
$1.34M
Based on 11 recorded sales within the last 12 months
Updated on 16 Jan 2021
Suburb Growth
+6.0%
Current Median Price: $1,340,000
Previous Median Price: $1,260,000
Based on 27 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$600
Updated on Dec 2020
2 BR
$505
3 BR
$700
4 BR
$900
Unit
$440
Updated on Dec 2020
1 BR
$380
2 BR
$470
3 BR
$700
4 BR
$915
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$550
0.0% $375 $1,600 34
2012
$520
-5.8% $360 $1,100 26
2013
$520
0.0% $350 $1,000 29
2014
$520
0.0% $340 $1,400 42
2015
$550
+5.5% $350 $1,200 48
2016
$580
+5.2% $390 $1,495 48
2017
$525
-10.5% $350 $1,055 60
2018
$600
+12.5% $410 $1,750 50
2019
$650
+7.7% $400 $1,400 53
2020
$570
-14.0% $350 $2,390 81
2021
-
- - - -
Median Rent Price
$560
per week
Based on 79 recorded rent within the last 12 months
Updated on 16 Jan 2021
Rent Price Growth
-16.1%
Current Median Rent: $560
Previous Median Rent: $650
Based on 131 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.2%
Current Median Price: $1,340,000
Current Median rent: $560
Based on 90 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)

Auction Results For West Melbourne

Houses sold in Last 12 months ends 9 Jan 2021

$950K

Median Sale Price

43%

Clearance Rate

3/7

Sold/Reported

$1.55M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.4 M - $1.6 M 1
$800 K - $1 M
(Median Price Range)
2

Schools closest to West Melbourne, VIC 3003

School name Address Type Sector Distance
Eltham College of Education City CampusTop 100 Melbourne 3000 Combined Independent 0.94 km
North Melbourne Primary School 210 ERROL STREETNorth Melbourne 3051 Primary Government 1.31 km
Ozford College LEVELS 2 AND 5, 123 LONSDALE STREETMelbourne 3000 Secondary Independent 1.12 km
University High School 77 STORY STREETParkville 3052 Secondary Government 1.51 km
St Michael's School 8 BROUGHAM STNorth Melbourne 3051 Primary Catholic 1.89 km
St Aloysius College 31 CURRAN STNorth Melbourne 3051 Secondary Catholic 1.99 km
Stotts College 43 ELIZABETH STREETMelbourne 3000 Secondary Independent 1.8 km
Carlton Gardens Primary School 215 RATHDOWNE STREETCarlton 3053 Primary Government 1.92 km
Victorian College Of The Arts Secondary SchoolTop 50 57 MILES STREETSouthbank 3006 Secondary Government 2.43 km
Carlton Primary School CNR PALMERSTON & DRUMMOND STSCarlton 3053 Primary Government 2.32 km