306/420 Spencer Street West Melbourne VIC 3003
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Property Details for 306/420 Spencer St, West Melbourne
306/420 Spencer St, West Melbourne is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for rent with Ray White Southbank | Port Phillip.
About West Melbourne 3003
The size of West Melbourne is approximately 6.7 square kilometres. It has 14 parks covering nearly 2.4% of 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 8,470 properties. Over the last 5 years, Houses in West Melbourne have seen a 10.55% increase in median value, while Units have seen a -1.65% decrease. As at 31 October 2025:
- The median value for Houses in West Melbourne is $1,410,750 while the median value for Units is $513,670.
- Houses have a median rent of $625 while Units have a median rent of $600.
Suburb Insights for West Melbourne 3003
Market Insights
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