Real Estate Appraisal West Melbourne VIC 3003
How much is my home worth in West Melbourne?
The median price for a house in West Melbourne is $1,012,000 as of May 8, 2023. The median price for a unit is $500,000.
The average annual growth on houses is 0.25%, and for units, it is -1.5%. The 12-month capital growth is -20.0% on houses, and for units, it is -9.9%.
There have been 20 houses sold and 132 units sold in the last year.
It takes on average 53 days to sell a house and 68 days to sell a unit in West Melbourne.
In West Melbourne, there were 94 homes up for sale and 176 available for rent last month. The median price of real estate during the previous year ranged from $500,000 for apartments to $1,012,500 for homes. Consider homes in West Melbourne that rent for $570 per week with a 2.9% annual rental yield and apartments that rent for $520 per week with a 5.6% annual rental yield if you're searching for investment property.
House prices and rent returns in West Melbourne.
- 2 bedroom home $873,000, Rent per week $525
- 3 bedroom home N/A Rent per week $890
- 4 bedroom home N/A, Rent per week N/A
Unit prices and rent returns in West Melbourne.
- 1 bedroom unit $335,000, Rent per week $450
- 2 bedroom unit $540,000, Rent per week $560
- 3 bedroom unit N/A, Rent per week $700
In West Melbourne, the gross rental yield is 2.9% on houses and 5.6% on units.
Free Real Estate Appraisal West Melbourne
Selling your house in West Melbourne? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal West Melbourne
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.
Property Valuation West Melbourne
The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.
If you want to know the value of your West Melbourne home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.
How do we appraise a property in West Melbourne?
- Recent property sales history in the West Melbourne district
- Location and the proximity to amenities
- Accessibility of schools and shops
- Comparison of market values
- Condition and size of the property
Want to know what your West Melbourne home is worth?
West Melbourne Real Estate Agents - Contact Details
Office: Docklands
Phone: 03 9936 9999