ACT/
Melba

Suburb Profile

Melba - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2615

house
unit

MELBA, 2615 ranks 1784th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.61% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $605,000.

The upward trend in home prices in MELBA, 2615 averaged 6.56% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 4.3% increase in returns based on the current median price in MELBA.

An average of 3.33 real estate transactions take place per month in MELBA which translates to 40 per annum.

40 properties were sold in MELBA in 2016, making it the 41st most active market in ACT based on total real estate transactions.

MELBA, 2615 places th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $605,000 $450,000
GROWTH REPORT
Median Quarterly 0% -3.74%
Median 12 month 6.61% 25%
Median 3 years 19.68% N/A
Median 5 years 17.48% 16.88%
10 years average annual 4.45% 8.7%
Weekly media advert. rent $500 $380
Time on Market 75.4 days 0.0 days
Gross Rental Yield Percent 4.3% 4.39%
demographics (median values)
Total Population
3266
Weekly Household Income
1480
Household Size
2.70
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Capital Gains Tax (CGT) Calculator

Melba, ACT
property details
Sale price
$
Current taxable income
$
Purchase price
$
Calculate
FROM THE WEB