Suburb Profile

Rent Yield in West Melbourne

BedsAverage PriceAverage RentAverage Rent Yield%Median PriceMedian RentMedian Rent Yield%Listings
ALL
1$409,651$4175.29%$404,000$4155.34%264
2$623,099$5364.47%$592,500$5204.56%375
3$1,117,741$7453.47%$1,050,000$7203.57%93
4$861,525$9986.02%$1,047,500$9604.77%16
5$2,410,000$1,2502.70%$2,410,000$1,2502.70%3
House
1-$258--$258-2
2$1,192,500$5272.30%$1,032,500$5202.62%25
3$1,550,000$7322.46%$1,450,000$7502.69%18
4$1,350,000$9633.71%$1,350,000$9403.62%8
5-$1,250--$1,250-2
Unit/apmt
1$407,086$4185.34%$395,000$4155.46%218
2$593,974$5314.65%$590,000$5204.58%288
3$915,000$7534.28%$915,000$7003.98%39
4$800,000$1,0406.76%$800,000$9606.24%4
Townhouse
2$926,333$6613.71%$940,000$6833.78%13
3$1,259,000$8273.42%$1,215,000$7903.38%17
4-$1,058--$1,058-2
Apartment
1-$450--$450-1
2-$450--$450-1
3$375,000--$375,000--1
Other
1$419,160$3714.60%$427,800$3754.56%13
2$702,615$5974.42%$640,000$6004.88%6
Unknown
1$415,833$4345.43%$412,500$4355.48%30
2$508,504$5405.52%$520,000$5305.30%42
3$1,019,385$5812.96%$979,000$6803.61%18
4$648,050--$648,050--2
5$2,410,000--$2,410,000--1

Schools in West Melbourne

School NameSchool SectorSchool Type
Simonds Catholic CollegeIndependentSecondary

Crime Rate of Melbourne

Crime TypeRate of MELBOURNERate of VIC
Crime Against Property17,4934,607
Crime Against the Person3,456940
Drug Offences1,506311
Other Crime5,129875
Total27,5846,733
Note: West Melbourne belongs to city Melbourne. Crime rate means the number crimes per 100,000 population.

Demographics of West Melbourne

PopulationSizeWest MelbourneMelbourne
All People27873366613
Country of OriginWest MelbourneMelbourne
Australian Born60%65%
Born Overseas - Top 5West MelbourneMelbourne
Malaysia5%1%
Indonesia5%0%
United Kingdom4%5%
China4%1%
New Zealand3%1%
Median household incomeWest MelbourneMelbourne
Weekly income$1,704$1,333
Age StatisticsWest MelbourneMelbourne
20 to 3957%33%
40 to 5919%28%
5 to 1913%14%
60+7%17%
0 to 44%7%
Family Statistics - Top 5West MelbourneMelbourne
Never Married63%33%
Married26%51%
Divorced6%7%
Separated3%3%
Widowed2%6%
Religion - Top 5West MelbourneMelbourne
No Religion31%19%
Catholic30%33%
Anglican11%16%
Buddhism11%4%
Uniting Church4%5%
Occupation - Top 5West MelbourneMelbourne
Professionals14%8%
Intermediate Clerical/Sales/Service9%7%
Associate Professional6%5%
Elementary Clerical/Sales/Service4%4%
Managers and Administrators3%4%
Education - Top 5West MelbourneMelbourne
Not Attending (Working)63%73%
University or other Tertiary Institution25%5%
Technical or Further Education4%3%
Secondary Education3%7%
Infants/Primary2%9%
Transport to Work - Top 5West MelbourneMelbourne
Car (driver)16%28%
Walked10%1%
Ferry/tram3%1%
Train Only2%2%
Car (passenger)2%3%
Type of Dwelling - Top 3West MelbourneMelbourne
Semi/Terrace60%8%
Flat21%14%
Separate house5%74%
Nature of Occupancy - Top 3West MelbourneMelbourne
Rented47%24%
Fully Owned22%43%
Purchasing17%27%
Monthly Loan Repayment - Top 5West MelbourneMelbourne
$1,000-$1,19921%13%
$400-$59921%16%
$600-$79917%21%

Supply Demand History in West Melbourne

MonthSupplyDemand
2015 Apr614094
2015 May704802
2015 Jun734252
2015 Jul764099
2015 Aug773569
2015 Sep803756
2015 Oct772934
2015 Nov812743
2015 Dec802502
2016 Jan862962
2016 Feb942950
2016 Mar1034160
2016 Apr993905

Based on Australian Bureau of Statistics data

Map And Street View

Please note that location of this property on map is approximate and street view images may not show the exact property advertised.

West Melbourne, VIC 3003
(1.21 km to CBD)

Surrounding Suburbs

Closest Train Station

Flagstaff Station 0.57 km

Selected Demographics of West Melbourne

  • 2986 Number of House
  • 3466 Number of Unit
  • 2787 Number of People
  • 30 Median Age
  • 2.2 Median Household Size
  • $450 Weekly Rent
  • $798 Weekly Individual Income
  • $2,002 Weekly Family Income
  • $1,700 Weekly Household Income
  • $1,340,000 Median Asking Price
  • $630 Median Rent
  • 0.02% Rent Yield
  • 21 Stock On Sale
  • 3.47% Vacancy Rate
  • 102 Average Supply
  • 4051 Average Demand
  • 39.88 Supply Demand Ratio

Leading Agencies (Sale)

MICM Property - Southbank 10%

Nelson Alexander Real Estate - Carlton North 7%
Hocking Stuart - (Melbourne) Pty Ltd 5%
Hocking Stuart - North Melbourne 5%
Marston & Cook - Flemington 5%
WB Simpson & Son - North Melbourne 4%
Alexkarbon Real Estate - North Melbourne 3%
Woodards Northern - Carlton 3%
Jellis Craig - Kensington 2%
Greg Hocking City Residential - Melbourne 2%

Leading Agents (Rent)

Agent NamePercentage
National Property Management - Melbourne16%
MICM Property - Southbank13%
WB Simpson & Son - North Melbourne6%
Hocking Stuart - (Melbourne) Pty Ltd4%
Marston & Cook - Flemington3%
Melbourne Boutique Property - Melbourne2%
Burtons Pty Ltd - South Yarra2%
Woodards Northern - Carlton North2%
Property X - Melbourne1%
LJ Hooker City Residential - Melbourne1%