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West Melbourne
Inner Melbourne · VIC
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URBANOS SCORE
Our model0/100
Our proprietary model — yield, supply pipeline, price growth, infrastructure and CBD proximity for new build investors
↓ Below Melbourne average·more data may improve this score as imports run
KEY METRICS
Gross yield
5.3%
Median rent / wk
$525
1yr price growth
-13.4%
Median unit price
$515k
Distance CBD
3.3km
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Data last updated: June 2026·Sources: CAV rent bonds, Valuer General, ABS Census, Victorian UDP·Stats reflect all properties in the suburb — new builds typically achieve higher yields and prices than the suburb median.
INFRASTRUCTURE & GROWTH DRIVERS
Development Activity Monitor (City of Melbourne): 4 developments under construction, 24 approved.
Calculate your tax advantage in West Melbourne
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Active developments (11)
559-577 KING STREET
Off the plan~ Likely Eligible
$ – $
287 of 287 available
137-157 ADDERLEY STREET
Off the plan~ Likely Eligible
$ – $
105 of 105 available
405-421 SPENCER STREET
Off the plan~ Likely Eligible
$ – $
198 of 198 available
145-147 ROSSLYN ROAD
Off the plan~ Likely Eligible
$ – $
18 of 18 available
503-509 VICTORIA STREET
Off the plan~ Likely Eligible
$ – $
14 of 14 available
396 SPENCER STREET
Off the plan~ Likely Eligible
$ – $
35 of 35 available
355-369 SPENCER STREET
Off the plan~ Likely Eligible
$ – $
117 of 117 available
222 ROSSLYN STREET
Off the plan~ Likely Eligible
$ – $
25 of 25 available
156-174 KENSINGTON ROAD
Off the plan~ Likely Eligible
$ – $
573 of 573 available
156-174 KENSINGTON ROAD
Off the plan~ Likely Eligible
$ – $
573 of 573 available
156-174 KENSINGTON ROAD
Off the plan~ Likely Eligible
$ – $
573 of 573 available