West Melbourne is the CBD fringe's strongest capital growth story — a dense, transit-rich suburb adjacent to the central city where significant residential tower development, the Flagstaff Gardens, proximity to the Queen Victoria Market, and access from every major metropolitan train line create exceptional rental demand from CBD workers. With the lowest entry prices of any suburb within walking distance of the CBD, West Melbourne consistently delivers both strong yield (4.2%+) and above-average capital growth. At the current $950k median house price, an 80% loan at 6.25% over 30 years is about $4,679 per month.
| Median house price | $950,000 |
|---|---|
| Median unit price | $600,000 |
| Estimated monthly repayment | $4,679 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 7% |
| Gross rental yield | 4.2% |
| Typical days on market | 14 |
Calculate repayments, stamp duty, LMI and upfront costs for West Melbourne, VIC. Request mortgage broker help if you want suitable lender policy, rates and fees compared for your situation.
Enter your details above to get instant, accurate results. Our calculator uses current Australian rates and rules - updated regularly.
Need help? Our guides explain how each calculation works and what the results mean for you.