Market snapshot
Suburb insights for West Melbourne3003
Change suburbWest Melbourne, 2 km west of the CBD’s western boundary, combines riverside warehouses converted into apartments with industrial precincts and emerging commercial hubs. The suburb benefits from proximity to Docklands, the Victoria Markets, and major transport arteries, including freight and light rail. Ideal for commuters and investors, it blends inner-city redevelopment with industrial heritage.
Recent sales and auction results in West Melbourne
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 581 King St, West Melbourne | 4 |  | House | Passed in at Auction | 24/10/2025 | Lucas Mills Real Estate | View |
| 5/43 Rosslyn St, West Melbourne | 2 |  | Apartment | Private Sale | 29/09/2025 | Belle Property Carlton & Melbourne | View |
Sales data
Median sale price
$1.4mil
Annual price change
-4%
Metro Melbourne Comparison
$955k
0.8%
| Bedrooms | West Melbourne | Metro comparison |
|---|---|---|
| 2 | - | $910,000 |
| 3 | - | $830,000 |
| 4 | - | $951,500 |
| Insight | West Melbourne | Metro comparison |
|---|---|---|
| Clearance rate | 81.4% | |
| Days on market | 51 | 36 |
Rental data
Median weekly rent
$800
Rental yield
2.9%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | West Melbourne | Metro comparison |
|---|---|---|
| 2 | $595 | $580 |
| 3 | $825 | $550 |
| 4 | $953 | $600 |
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