ARE Property (Melbourne)
Completed melbourne APARTMENt
Flagstaff hill residences, west melbourne
information
Melbourne Inner City Suburb
West Melbourne
West Melbourne is an inner city suburb in Melbourne, Victoria, Australia, 2km north-west of Melbourne's central business district. It has a distinct character: a dynamic mix a business and industry which sits alongside an established community and growing residential population.
Nestled in between the CBD, Docklands, Queen Victoria Market and North Melbourne, the suburb of West Melbourne has incredible access to range of amenities, schools, universities, transport links, workplaces and lifestyle options.
Public transportation in West Melbourne provide rapid access to the CBD that reachable in mere minutes. West Melbourne subutb has attracted wide demographic of professionals who enjoy short commutes to the CBD to work and also nightlife.
lifestyle
Flagstaff Gardens
Queen Victoria Market
Marvel Stadium
Southern Cross Station
Market Trend
Median Apartment Sales Price in West Melbourne: $585,000
Median Apartment Rental Rate in West Melbourne: $580 per week
Sustained Rental Demand: The ongoing growth in Melbourne’s population and the continuous attraction of urban living suggest that rental demand in West Melbourne will remain strong. The influx of students and professionals will keep vacancy rates low and rental yields competitive.
Rental Yield Stability: Investor can expect stable rental income as over the past 12 months, rental rate for apartment in West Melbourne has been increased around 11.5%.
Source: Realestate.com.au
Investment Opportunities:
Lot of green space: West Melbourne offers several green spaces for residents and visitors to enjoy. West Melbourne is home to Flagstaff Gardens, which is one of the oldest park and features extensive lawns, mature trees and picnic facilities.
City Fringe location. West Melbourne is located immediately adjacent to Melbourne's CBD, offering easy access to city's business, cultural and entertainment hubs. This close proximity makes it highly desirable for both residential and commerical.
Demographic Profile
Population: According to the 2021 census, West Melbourne had a population of 7,446.
Predominant Age Group: Predominant age group is 25-29, reflecting its urban appeal and lifestyle.
Popular House Type: West Melbourne is popular among students, young couples, downsizers with more than 80% of local residents living in apartment.
Main Features
Schools:
350m to Haileybury College (City Campus)
600m to William Angliss Institute
1.5km to University of Melbourne and RMIT University
2km to University High School
Shopping:
Within 1.5km to Queen Victoria Market, Melbourne Central and Errol Street Shopping.
Public Transportation:
Doorstep to Bus Stop (Route 220)
500m to Tram Stop (Route 86 & 30)
750m to Southern Cross Station
2km to Flinder Street Station
Surrounding Facilities:
Next to Flagstaff Gardens
Within 2km to Marvel Stadium and Carlton Gardens
Internal
Balcony
Wintergarden
Available Units
Unit 310
1 Bed, 1 Bath
Internal Size: 50m² (538sqft)
Balcony: 8m² (86sqft)
Total Area: 58m² (624sqft)
Price: $516,000
*Rebate Available
CLICK LINK FOR INFORMATION
Floor Plan
Unit 104
1 Bed + Study, 1 Bath
Internal Size: 57m² (614sqft)
Wintergarden: 8m² (86sqft)
Total Area: 65m² (700sqft)
Price: $611,000
*Rebate Available
CLICK LINK FOR INFORMATION
Floor Plan
Pictures
Video
Unit 1906
2 Bed, 2 Bath
Internal Size: 63m² (678sqft)
Balcony: 10m² (108sqft)
Total Area: 73m² (786sqft)
Price: $853,000
*Rebate Available
CLICK LINK FOR INFORMATION
Floor Plan
Video
Browse ARE Other Listings
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