Price drops in West Melbourne
Listings for sale in West Melbourne, VIC 3003 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
45
40% of 112 live listings
Median cut
5.0%
$31K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
30 / 36
6 listings have raised instead
West Melbourne price-drop summary
45 listings in West Melbourne (40% of the 112 on the market) are advertised below an earlier asking price. The typical reduction is 5.0%, about $31K. Apartment listings account for 36 of them, with a median cut of 5.0%. Going the other way, 6 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| Apartment | 36 | 5.0% |
| Townhouse | 6 | 4.8% |
| House | 2 | 6.4% |
| Other | 1 | 20.9% |
Largest current cuts in West Melbourne
The 30 biggest of 45, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 502/89 Roden Street | $632,500 | $500,000 | -20.9% | 2 bed | |
| 1007/45 Dudley Street | $520,000 | $450,000 | -13.5% | 1 bed Apartment | |
| 305/121 Rosslyn Street | $560,000 | $499,000 | -10.9% | 2 bed Apartment | |
| 83A Capel Street | $1,550,000 | $1,400,000 | -9.7% | 2 bed Apartment | |
| 103/35-43 Dryburgh Street | $470,000 | $425,000 | -9.6% | 1 bed Apartment | |
| 409/41 Dryburgh Street | $660,000 | $600,000 | -9.1% | 2 bed Apartment | |
| 110/107 Roden Street | $528,000 | $480,000 | -9.1% | 1 bed Apartment | |
| 104/107 Roden Street | $745,000 | $680,000 | -8.7% | 2 bed Apartment | |
| 38 Dryburgh Street | $2,150,000 | $1,980,000 | -7.9% | 3 bed House | |
| 487 Victoria Street | $1,085,000 | $1,000,000 | -7.8% | 3 bed Townhouse | |
| 202/102 Stanley Street | $460,000 | $425,000 | -7.6% | 1 bed Apartment | |
| 60 Walsh Street | $3,190,000 | $2,950,000 | -7.5% | 3 bed Townhouse | |
| 704/25 Wominjeka Walk | $735,000 | $680,000 | -7.5% | 2 bed Apartment | |
| 603/9 Dryburgh Street | $410,000 | $380,000 | -7.3% | 1 bed Apartment | |
| 1109/112 Adderley Street | $850,000 | $790,000 | -7.1% | 2 bed Apartment | |
| 3101/65 Dudley Street | $1,300,000 | $1,210,000 | -6.9% | 3 bed Apartment | |
| 414/118 Dudley Street | $580,000 | $540,000 | -6.9% | 2 bed Apartment | |
| 1004/10 Wominjeka Walk | $429,000 | $400,000 | -6.8% | 1 bed Apartment | |
| 520/121 Rosslyn Street | $660,000 | $620,000 | -6.1% | 2 bed Apartment | |
| 1905/23 Batman Street | $830,000 | $780,000 | -6.0% | 2 bed Apartment | |
| 116 Railway Place | $920,000 | $870,000 | -5.4% | 2 bed Townhouse | |
| 204/150 Dudley Street | $495,000 | $470,000 | -5.1% | 2 bed Apartment | |
| 1201/23 Batman Street | $600,000 | $570,000 | -5.0% | 2 bed Apartment | |
| 1511/105 Batman Street | $420,000 | $399,000 | -5.0% | 1 bed Apartment | |
| 105/150 Dudley Street | $400,000 | $380,000 | -5.0% | 1 bed Apartment | |
| 117 Abbotsford Street | $1,420,000 | $1,350,000 | -4.9% | 3 bed House | |
| 406/105 Batman Street | $630,000 | $599,000 | -4.9% | 2 bed Apartment | |
| 308/105 Batman Street | $630,000 | $600,000 | -4.8% | 2 bed Apartment | |
| 1305/392 Spencer Street | $420,000 | $400,000 | -4.8% | 2 bed Apartment | |
| 2315/105 Batman Street | $429,000 | $410,000 | -4.4% | 1 bed Apartment |
Suburb profile
West Melbourne market data
Median prices, rents, growth and vacancy for West Melbourne.
Sold prices
Recent sales in West Melbourne
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in West Melbourne: common questions
How many properties in West Melbourne have had a price drop?
45 listings for sale in West Melbourne VIC 3003 are currently advertised below an earlier asking price, 40% of the 112 listings on the market. 30 of those cuts were recorded in the last 30 days and 36 in the last 90.
How much are West Melbourne sellers cutting their prices by?
The median cut is 5.0%, or $31K, measured from the previous advertised asking price to the current one on each listing.
How long are West Melbourne listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 45 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.