While West Melbourne,3003 ranked number 12th in VIC for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.
Renters in Suburb are facing rents around $6012 per annum or $501 every week.
Property value increases in West Melbourne have tracked just higher than the VIC average of 4.79% over the last 12 months.
Taking the average capital gain, or increase in median house value, West Melbourne,3003 has racked up an average of 8.20% over the period. This ranks it number 677th in the whole country for real estate investors looking at median house price increases.
At number 147th of VIC’s most discounted properties, West Melbourne is in the middle of the state/territory when listing in order of most discounted to least.
West Melbourne is 141th on a list of best yielding suburbs for rents in VIC with a 4.45% return