VIC has seen average median house prices change by 2.87% which means that West Melbourne, 3003 has done well for property investors by showing a capital gain of 34.77% over the last year
West Melbourne,3003 has offered an average of 34.77% return per annum in house price rises to property investors over the last three years.
At number 60 in a list of fastest selling suburbs, West Melbourne is in the TOP 10% of suburbs in Australia with an average of days on market 33.7 for properties listed there.
The VIC suburb of West Melbourne, 3003 is in the Melbourne (C) local government area.
West Melbourne has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.11% to date .
Across a shorter period, West Melbourne, 3003 has seen a median price increase of 0.17% over the last quarter.
Vendor discounting in West Melbourne is giving property investors an average Vendor Discount of around -5.28%. This puts suburb at number 173th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in West Melbourne the average time real estate has been on the market is 73.1163 days.