West Melbourne, VIC 3003
City of MelbourneGreater MelbourneAll suburbs in postcode 3003
Updated
Median house price
$1,430,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in West Melbourne?
Get the free selling guide, personalised to West Melbourne, or ask for a free appraisal from a local agent.
West Melbourne at a glance
- Median unit
- $515,000
- Weekly rent
- $853
- Houses · units $660
- Population
- 8,025
- Median age 31
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
House prices in West Melbourne
Houses change hands at $1,430,000 on a typical sale, well above the Victoria median. Units come in around $515,000, roughly 64% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $286,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of September 2025· Victorian rental report
Free appraisal in West Melbourne
What’s your home worth in West Melbourne?
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What to know about West Melbourne
West Melbourne (3003) sits in the Melbourne region of Victoria. The median house here is $1,430,000, well above the Victoria median of around $850K.
West Melbourne has roughly 8,025 residents, with a young-family demographic. Households are renter-heavy. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
West Melbourne scores 4/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 582 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 3 government secondary, 8 Catholic, 1 independent.
Schools in West Melbourne
Schools serving West Melbourne: government first, then Catholic and independent.
Government schools
© ACARA, licensed under CC BY 4.0.
Location
Walkability
- Walk
- 4/100
- Transit
- 0/100
- Bike
- 100/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put West Melbourne's population at 8,025, with a median age of 31. That sits as a young-family demographic. Households are renter-heavy (32% own, 65% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (39%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 48%
- Lone person
- 39%
- Owner occupied
- 32%
- Renter occupied
- 65%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.10% (median rent $853/wk against a $1,430,000 price tag). Units yield 6.66% gross, often the better cash-flow play for first-time investors. With 65% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 3.10%
- On the $1,430,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 6.66%
- On the $515,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
1,183 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 582 mm
- Hottest month, avg max
- 26.9°C
- Coldest month, avg min
- 6.8°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about West Melbourne
- What is the median house price in West Melbourne?
- The median house price in West Melbourne, VIC 3003 is $1,430,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $515,000.
- How much is my house worth in West Melbourne?
- A useful starting point is the West Melbourne median house price of $1,430,000 (units $515,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is West Melbourne a good investment?
- On the published figures, the gross rental yield on houses in West Melbourne is 3.1%: the median weekly house rent is $853 (Victorian rental report, September 2025) against the median house price of $1,430,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for West Melbourne: the Land Victoria figures we hold do not measure one. Whether West Melbourne is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the West Melbourne postcode?
- West Melbourne is in the 3003 postcode, in VIC, in the City of Melbourne region.
- Where is West Melbourne?
- West Melbourne is a suburb of Melbourne, in VIC 3003. It is part of the Greater Melbourne area, in the City of Melbourne region.
- What is the average rent in West Melbourne?
- The median weekly rent for houses is $853, for units it's $660.
- What schools are in West Melbourne?
- There are 20 schools serving West Melbourne on this page, including Docklands Primary School, Holy Rosary School, St Monica's School.
- How walkable is West Melbourne?
- West Melbourne has a Walk Score of 4 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near West Melbourne?
- West Melbourne is close to Docklands, Kensington, North Melbourne, Port Melbourne, Hotham Hill.
- What is the population of West Melbourne?
- The population of West Melbourne is approximately 8,025 (2021 Census). The median age is 31.
Selling in West Melbourne? Get the free selling guide
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.