WEST MELBOURNE 3003
State: VICPosiProp AI Investment Summary
WEST MELBOURNE (VIC 3003) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.2% and has experienced a 12-month capital growth of Up 10.1%, with a median house buy price of $1,375,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,025,000
$1,485,000
$2,095,000
$1,375,000
Suburb Market Profile
Last month West Melbourne had 121 properties available for rent and 102 properties for sale. Median property prices over the last year range from $1,375,000 for houses to $518,875 for units. If you are looking for an investment property, consider houses in West Melbourne rent out for $800 PW with an annual rental yield of 3.2% and units rent for $620 PW with a rental yield of 6.7%. West Melbourne has seen an annual compound growth rate of 10.1% for houses and -0.2% for units.