A strategic inner-city corridor - City of Melbourne (long-term renewal)

Market

The numbers behind West Melbourne.

Verified demographics from the ABS Census 2021 for the host suburb of West Melbourne, alongside modelled estimates that are indicative only.

9.2%

Estimated

Annual capital growth

4%

Estimated

Gross rental yield

Age profile

West Melbourne, ABS Census 2021

0-14
7.3%
15-24
16.5%
25-34
40.5%
35-54
25.8%
55-64
5.4%
65+
4.4%

Tenure

West Melbourne, ABS Census 2021

32.4%owner-occupied
  • Rented 65.2%
  • Owned with a mortgage 20.6%
  • Owned outright 11.8%

Dwelling mix

West Melbourne, ABS Census 2021

Apartments
79.6%
Townhouses
18.6%
Separate houses
1.2%

Facts

Population
8,025
Households
3,853
Median age
31
Median household income
$92,976 / yr
Average household size
1.9 people

Verified data: ABS Census 2021 (suburb of West Melbourne), CC BY 4.0. Estimated figures are modelled, indicative only, and are not a valuation or financial advice.