3/28-32 Jeffcott Street, West Melbourne VIC 3003

3/28-32 Jeffcott Street, West Melbourne VIC 3003
#VALUE!
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/28-32 Jeffcott Street, West Melbourne VIC 3003
Checks found:
Value Risk ! 1
Liquidity Risk ✕ 2
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✓
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Market Insight

West Melbourne, in the city’s affordable west, is attracting strong buyer engagement, with house sales running 17.8% above the five-year average. House prices are rising sharply—$1.37 million with 11.29% annual growth, or $1.43 million with 16.2%—while units underperform, falling 5.73% to a $452,500 median (alternatively $527,500, down 0.3%). The demand base is price-sensitive, driven by affordability relative to bayside suburbs and supportive rate cuts. Houses trade in 57 median days, with gross yields of 2.9–3.2%; units yield 6.6–6.7% with $620 weekly rents. Vacancy sits tight at 1.4% across Melbourne. Growth is anchored by the broader market’s momentum, but unit-price weakness signals demand constraints in that segment, and interest-rate sensitivity remains a key risk.
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PropCred Estimated Value

#VALUE!

Bedrooms

2

Bathroom

1

Parking

1

Land

2391m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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