MELROSE PARK ranks 963rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 7.54% for the past year is lower than average compared to its 92.95% growth within a five-year period.
Also in MELROSE PARK, the median home price is sitting at $1,640,000, and the average rent at $765, this suggests property owners could potentially earn a 2.43% increase in gross rental yield.
Property investors have seen a -2.47% drop in MELROSE PARK based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.64% growth over a ten-year period. It ranks 50th on our list of suburbs that property investors should look into.