1015/420 Spencer Street West Melbourne VIC 3003
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Modern Inner-City Living in a Prime West Melbourne Location
Property Details for 1015/420 Spencer St, West Melbourne
1015/420 Spencer St, West Melbourne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for rent with Ray White Preston.
About West Melbourne 3003
The size of West Melbourne is approximately 6.7 square kilometres. There are 14 parks, covering nearly 2.4% of the total area. The population of West Melbourne in 2016 was 5515 people. By 2021 the population was 8025 showing a population growth of 45.5% in the area during that time. The predominant age group in West Melbourne is 20-29 years. Households in West Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Melbourne work in a professional occupation.In 2021, 32.40% of the homes in West Melbourne were owner-occupied compared with 34.50% in 2016.
West Melbourne has 8,475 properties. Over the last 5 years, Houses in West Melbourne have seen a -4.39% decrease in median value, while Units have seen a -0.76% decrease. As at 31 July 2026:
- The median value for Houses in West Melbourne is $1,345,608 while the median value for Units is $518,688.
- Houses have a median rent of $728 while Units have a median rent of $640.
Suburb Insights for West Melbourne 3003
Market Insights
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