West Melbourne, VIC 3003

Property data updated 8,025 residents
Last 12 months snapshot
313 sales · 928 leases · Refreshed July 2026

West Melbourne property market

West Melbourne is one of the country's biggest unit rental markets — houses make up a tiny share, with 872 leases (up 3.1%) at $630 a week (up 5.9%) as of July 2026, renting out in about 22 days (down from 28 days last year), more sought-after than most unit rental markets in Victoria, with 2-bedroom and 1-bedroom roughly tied at around 45% each.

Unit sales make up a much smaller share, with 283 sales (up 0.4%) at around $560k (up 10.8%), taking about 44 days to sell (up a lot from 34 days last year), with just over half being 2-bedroom. Rounding it out, 56 house rentals at $745 a week (with rents weaker than most house rental markets). 30 house sales at around $1.3M (among the country's biggest house price drops).

House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.

Census · ABS 2021

West Melbourne demographics & population

Population
8,025
Median age
31yrs
Avg household
1.9people
Male · Female
51% · 49%
Owner-occupied
Renting
Lone person
Couples, no kids
Born overseas
Year 12+

Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.

The full West Melbourne report

Unlock the full report

Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.

InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby

One-off

This report

$49once
  • The complete West Melbourne report
  • 30 days of live access
  • Download as a PDF
  • Months of supply needs the add-on
Best valueMembership

Full access

from$149/mo
  • Unlimited suburb reports
  • Near real-time + 5-year data
  • 50+ dual-metric map views
  • Demand cycle + market velocity
View plans

Already a member? Sign in



Property market