City of Melbourne
West Melbourne Property Market
& Suburb Profile
MEDIAN PRICES IN WEST MELBOURNE
Median house price
(all agencies, last 12 months)$1.4m*House price change
(all agencies, last 12 months)+7.55%Median unit price
(all agencies, last 12 months)$490k*Unit price change
(all agencies, last 12 months)-12.01%(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)
WEST MELBOURNE price TRACKER
West Melbourne sales overview
- Sold by Auction 43%
- Sold by Private Sale or Other Method 57%
- (Based on Sales Reported in the Last 12 Months)
Average days on market (houses)
(all agencies, 12 months)34Average days on market (units)
(all agencies, 12 months)56Auction clearance rate in West Melbourne
(all agencies, last 12 months)42%Average held period in West Melbourne
(proptrack)11 yearsWest Melbourne Investor Statistics
Median rental price for Houses
(all agencies, last 12 months)$841pwHouse rental price change
(all agencies, last 12 months)0.09%Median rental price for Units
(all agencies, last 12 months)$662pwUnit rental price change
(all agencies, last 12 months)0.07%Average rental yield for Houses
(all agencies, last 12 months)3.12%Average rental yield for Units
(all agencies, last 12 months)6.74%West Melbourne total population size
(as at the last census)8,025Median household size in West Melbourne
(as at the last census)1.9(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)
West Melbourne property types
- Houses 7%
- Units 59%
- Other 34%
OCCUPANCY in West Melbourne
- Owned 32%
- Rented 65%
- Other/Not Stated 3%
- Singles 39%
- Families 48%
- Other 13%
About West Melbourne
Education
Sales Comparison
Find out how West Melbourne median sales prices compare to neighbouring suburbs.
West Melbourne MARKET INSIGHTS
| Year | Sold | Median Sale Price (All Residential) | Sales Growth YoY |
|---|---|---|---|
| 2025 | 279 | $930,000 | +7.55% |
| 2024 | 275 | $888,849 | -3.95% |
| 2023 | 297 | $945,000 | -10.34% |
| 2022 | 175 | $995,000 | +13.28% |
| 2021 | 212 | $930,000 | +11.30% |
| Year | Leased | Median Rental Price (All Residential) | Rental Yield |
|---|---|---|---|
| 2025 | 886 | $752pw | 4.93% |
| 2024 | 864 | $699pw | 4.93% |
| 2023 | 946 | $674pw | 4.43% |
| 2022 | 1026 | $620pw | 4.31% |
| 2021 | 1354 | $493pw | 3.09% |
*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).
The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.