VIC has seen average median house prices change by 8.96% which means that West Melbourne, 3003 has done well for property investors by showing a capital gain of 20.41% over the last year
A 46.77% growth in median value for property investors in West Melbourne,3003 puts this suburb at number 705th in terms of best performing suburbs in VIC
Advertised rents are around the $540 mark per week – giving a return of 3.17% based on the median price in Suburb
West Melbourne is an average performer in VIC when comparing median price capital growth over the last year. West Melbourne gave property investors a average capital gain figure when compared to the rest of the state, with 5.10%.
West Melbourne,3003 has offered an average of 5.10% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in West Melbourne should be aiming for at least -4.82% off the asking price, which is the average vendor discount being achieved at the moment.
West Melbourne is 120th on a list of best yielding suburbs for rents in VIC with a 4.65% return