Property investors who have had real estate in West Melbourne, 3003 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.43%
Taking the average capital gain, or increase in median house value, West Melbourne,3003 has racked up an average of 21.43% over the period. This ranks it number 1422th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
West Melbourne is 376th on a list of best yielding suburbs for rents in VIC with a 3.20% return
West Melbourne, 3003 ranked 345th in VIC when comparing growth in median property values or capital gain over the last 12 months. West Melbourne is one of 2098 in our list for VIC
Over the longer term, West Melbourne has seen property prices show investors a 4.79% return over the last 3 years. This is worse than over the last 12 months
At number 216th of VIC’s most discounted properties, West Melbourne is in the TOP 40% of the state/territory when listing in order of most discounted to least.
West Melbourne is 87th on a list of best yielding suburbs for rents in VIC with a 4.97% return