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 21.84%
Advertised rents are around the $545 mark per week – giving a return of 3.18% based on the median price in Suburb
Property value increases in West Melbourne have tracked lower than the VIC average of 2.98% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, West Melbourne comes in at number 251th in VIC.
West Melbourne3003 is located in VIC which offers an average discount of -5.08% to property investors. West Melbourne itself is showing figures that indicate -3.77% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 9.17 sales per month, which equates to 110 per year.