West Melbourne (Residential)

Located immediately to the north of the CBD, the residential area of West Melbourne is characterised by residential housing interspersed with commercial activity. Between 2003 and 2015 the total number of both business establishments and employment decreased by over 20%; most of this in finance and insurance and in professional, scientific and technical services and primarily the result of a few larger enterprises leaving the area. Business establishments are generally smaller than in the CBD, Docklands or Southbank and much of the floorspace is taken up by accommodation (33%) or open space (16%).

Headline Statistics

5,573

Local Jobs

433

Establishments

$410

Median Rental Price

Combined data for North Melbourne-West Melbourne (Residential). Source: Department of Human Services, Victoria (DHS).

Floor Space in West Melbourne (Residential)

The pie chart below provides a breakdown of floor space (both occupied and unoccupied) in West Melbourne (Residential) at 2016.

The chart below shows the change in floor space (both occupied and unoccupied) in West Melbourne (Residential) between 2002 and 2016.

Detailed Data Tables

The table below provides further detail regarding the mix of floor space in West Melbourne (Residential).

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Category Floor Space (Sqm)
Educational/ Research 17,227
Performances, Conferences, Ceremonies 6,245
Storage/Wholesale 45,325
Entertainment/ Recreation 90,423
Accommodation 327,481
Manufacturing 21,973
Hospital/ Clinic 586
Retail 30,083
Parking 75,589
Transport 0
Open space 156,810
Community use 19,748
Office 177,488
Equipment installation 14,849

The table below provides detail regarding the quantity of floor space by year ( 2002- 2016) in West Melbourne (Residential).

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Year Floor Space (Sqm)
2002 420,483
2004 427,590
2006 433,413
2008 409,075
2010 385,577
2012 380,541
2014 291,005
2016 265,895
Industries by Employment ( 2016)
The graph below shows the industries located in West Melbourne (Residential), ordered by the number of jobs in each industry at 2016.
Change in Local Jobs (2002 to 2016)
The graph below details the number of employees in West Melbourne (Residential) over time. The graph provides an insight into how industry has grown or declined in the local area over the last decade.
Detailed Data Table

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Industry Name 2002 2004 2006 2008 2010 2012 2014 2016
Other Services 400 383 414 425 393 386 346 431
Arts and Recreation Services 233 406 382 138 161 212 309 460
Health Care and Social Assistance 205 325 310 192 220 563 617 697
Education and Training 167 139 180 272 404 367 445 390
Public Administration and Safety 246 585 457 434 406 418 373 398
Administrative and Support Services 604 583 478 441 409 459 365 404
Professional, Scientific and Technical Services 843 859 1336 1798 1702 1632 1193 1230
Rental, Hiring and Real Estate Services 39 47 56 59 73 50 57 77
Financial and Insurance Services 1160 1342 1308 1756 2127 2039 138 100
Information Media and Telecommunications 192 240 320 201 152 148 177 181
Transport, Postal and Warehousing 495 476 501 476 462 433 275 92
Accommodation and Food Services 319 298 298 285 283 297 321 277
Retail Trade 467 391 424 213 217 198 200 214
Wholesale Trade 456 412 398 450 440 341 290 211
Construction 258 209 196 229 192 167 166 231
Electricity, Gas, Water and Waste Services 20 10 10 24 92 0 0 0
Manufacturing 416 402 340 319 330 273 245 180
Mining 5 5 0 0 0 0 1 0
Agriculture, Forestry and Fishing 0 0 0 0 0 0 0 0

West Melbourne (Residential) Residential Rental Market

Residential Rental Prices (Per Week)

The chart below shows the median rental price for all dwellings in West Melbourne (Residential) from June 2009.

The green band shows the price range of the middle 50% of rental properties in the area (also referred to as the interquartile range of rental prices). It provides an indication of the spread of rental prices in West Melbourne (Residential).

Residential Rental Volumes

The chart below shows the number of new leases that commenced in West Melbourne (Residential) annually.

Detailed Data Table

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Period Year Median Price Rental Volume (Commencing Leases)
March 2006 290 1107
June 2006 290 1103
September 2006 295 1128
December 2006 295 1071
March 2007 290 1187
June 2007 292 1246
September 2007 292 1283
December 2007 300 1320
March 2008 318 1188
June 2008 330 1120
September 2008 345 1147
December 2008 350 1103
March 2009 350 1194
June 2009 360 1180
September 2009 380 1165
December 2009 390 1201
March 2010 370 1386
June 2010 370 1395
September 2010 360 1452
December 2010 370 1527
March 2011 395 1548
June 2011 395 1629
September 2011 400 1708
December 2011 400 1751
March 2012 390 1881
June 2012 390 1933
September 2012 380 1933
December 2012 379 2006
March 2013 385 1976
June 2013 390 1972
September 2013 391 1998
December 2013 400 1993
March 2014 395 2100
June 2014 390 2088
September 2014 395 2159
December 2014 396 2158
March 2015 395 2426
June 2015 400 2470
September 2015 400 2448
December 2015 395 2443
March 2016 395 2400
June 2016 400 2608
September 2016 410 2867