West Melbourne is in the TOP 10% in VIC when comparing median price capital growth over the last year. West Melbourne gave property investors a very good capital gain figure when compared to the rest of the state, with 20.41%.
A 35.01% growth in median value for property investors in West Melbourne,3003 puts this suburb at number 453th in terms of best performing suburbs in VIC
In the last year 23 properties changed hands in West Melbourne, which puts it as the 571th most active market in VIC when comparing the number of sales per suburb.
VIC has seen average median house prices change by 3.11% which means that West Melbourne, 3003 has done well for property investors by showing a capital gain of -13.26% over the last year
If we look at median property appreciation over just the last three months, West Melbourne has given property investors a paper return of -2.55%. This puts Suburb as 292 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in West Melbourne 3003 should be seeing an average reduction in asking price of around -4.06% . This means that West Melbourne is holding prices well when compared to other suburbs in VIC.
Residents and property investors in West Melbourne have been waiting around 74 days to sell a property.
West Melbourne is 81th on a list of best yielding suburbs for rents in VIC with a 5.01% return