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Melrose Park
AREA REPORTS

Melrose Park

Melrose Park - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2114

unit

MELROSE PARK, 2114 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $791,000.

Augmented property values in MELROSE PARK are trailing behind the NSW average of 5.32% for the past year.

Real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

Home owners selling their properties and realtors in MELROSE PARK usually have to wait an average of 0.0 days days before their assets are lifted off the market.

MELROSE PARK ranks 317th on the list of best yielding suburbs for rental properties in NSW, posting a 3.16% return.

MELROSE PARK, 2114 places 247th in Australia based on median property value growth during the quarter.

Data report can be found below

Melrose Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $791,000
GROWTH REPORT
Median Quarterly N/A -0.25%
Median 12 month N/A -0.69%
Median 3 years N/A 2.06%
Median 5 years N/A N/A
10 years average annual N/A -0.69%
Weekly media advert. rent N/A $480
Time on Market N/A 0.0 days
Gross Rental Yield Percent N/A 3.16%
demographics (median values)*
Total Population
24057
Weekly Household Income
1783
Household Size
2.60
Age
35
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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