Melbourne · 3003
West Melbourne, VIC
10.3%/yr capital growth, incomes +21.0% (5y).
NextSuburb scoreTier B
60Strong
Median house
$1.66M
5y growth
10.3%/yr
Gross yield
1.2%
Vacancy
1.8%
Stable but fully pricedHigh confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)10.3%/yr100/100
- Population growth+7.8% (5y)78/100
- Supply tightening-4.0% YoY70/100
- Rental yield1.2%24/100
- Rental demand1.8% vacancy55/100
- Income growth+21.0% (5y)84/100
- Construction pipeline$1.3bn nearby26/100
- Affordabilityabove cap0/100
Why this score
West Melbourne scores 60/100 (Strong). The two strongest signals: 10.3%/yr capital growth over five years and 21.0% income growth. The standout watch-out: the median is 111% of a typical budget.
Drivers
- Capital growth10.3%/yr
- Income growth+21.0% (5y)
- Population growth+7.8% (5y)
- Supply tightening-4.0% YoY
Risks
- At top of budget (111% of cap)
- Thin gross yield (1.2%)
Nearest infrastructure
New Footscray Hospital2.6 km away
Construction · $1.5bn · completion 2026
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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