What is the current median house price in West Melbourne, VIC?
The median house price in West Melbourne, VIC 3003 is $1,696,000 as of 2026. The median unit/apartment price is $850,000. Prices have grown by 4.2% over the past 12 months.
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Core Market Intelligence — May 2026
The median house price in West Melbourne, VIC 3003 is $1,696,000 as of 2026. The median unit/apartment price is $850,000. Prices have grown by 4.2% over the past 12 months.
West Melbourne presents a mixed investment picture that requires careful analysis. Key indicators include positive 12-month capital growth of 4.2%. Investors should consider their strategy (capital growth vs yield) and conduct due diligence on local market conditions before making decisions.
The gross rental yield in West Melbourne, VIC 3003 is approximately 2.6%, with a median weekly rent of $388. This yield reflects a growth-oriented market where capital gains may offset lower income returns.
West Melbourne, VIC 3003 has a population of 8,025 with a median age of 31. The median household income is $4,585.