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Melrose Park
AREA REPORTS

Melrose Park

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

house
unit

The suburb’s capital gain of 26.67% for the past year is higher than average compared to its 29.25% growth within a five-year period.

Also in MELROSE PARK, the median home price is sitting at $1,900,000, and the average rent at $605, this suggests property owners could potentially earn a 1.66% increase in gross rental yield.

Property investors have seen a 0% gain in MELROSE PARK based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on MELROSE PARK, 2114 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 26.67%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 14.14% growth over a ten-year period. It ranks 3614th on our list of suburbs that property investors should look into.

Data report can be found below

Melrose Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,900,000 $799,000
GROWTH REPORT
Median Quarterly 0% 0.76%
Median 12 month 26.67% 0.76%
Median 3 years N/A 5.13%
Median 5 years 29.25% N/A
10 years average annual 14.14% 0.86%
Weekly media advert. rent $605 $480
Time on Market 39.3 days 53.6 days
Gross Rental Yield Percent 1.66% 3.12%
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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