West Melbourne, VIC
Postcode 3003 · Gov Data
Median Price
$1,215,000
-12.4% this year
Median Rent
$388/wk
$20,176/yr
Gross Yield
1.66%
Below average
Recent Sales
0
last 24 months
Demographics (ABS 2021)
- Population
- 8,025
- Median HH Income
- $92,976/yr
- Median Age
- 31
- Renter %
- 85%
- Owner-Occupied %
- 15%
Investment Snapshot
20% Deposit
$243,000
Monthly Mortgage (6.24%)
$6,756
Annual Rental Income
$20,176
Annual Mortgage Cost
$81,072
Estimates only. Assumes 30yr P&I loan, 6.24% rate, 80% LVR. Use full calculator →
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Price data from NSW Valuer General (VIC sales records). Demographics from ABS 2021 Census. Data is for general information only and does not constitute financial advice.