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 3.4% and has experienced a 12-month capital growth of Down -9.1%, with a median house buy price of $1,300,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,035,000
$1,430,000
$1,462,500
$1,300,000
Suburb Market Profile
Last month West Melbourne had 149 properties available for rent and 105 properties for sale. Median property prices over the last year range from $1,300,000 for houses to $525,000 for units. If you are looking for an investment property, consider houses in West Melbourne rent out for $780 PW with an annual rental yield of 3.4% and units rent for $640 PW with a rental yield of 6.6%. West Melbourne has seen an annual compound growth rate of -9.1% for houses and 5.0% for units.
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