Melrose Park

POSTAL CODE: SA, 5039
HOUSE

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

The suburb also 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 $1,077,000.

The upward trend in home prices in MELROSE PARK, 5039 averaged 7.65% per annum over a 3-year period.

Average weekly rents on listings have reached the $607.5 mark, reflecting a 2.93% increase in returns based on the current median price in MELROSE PARK.

An average of 2.5 real estate transactions take place per month in MELROSE PARK which translates to 30 per annum.

30 properties were sold in MELROSE PARK in 2016, making it the 230th most active market in SA based on total real estate transactions.

MELROSE PARK, 5039 places 357th in Australia based on median property value growth during the quarter.

Surburb overview

Melrose Park, located in South Australia with the postcode 5039, is a well-established suburb situated approximately 8 kilometres south of Adelaide’s central business district (CBD). It falls under both the City of Mitcham and the City of Marion, offering a convenient mix of residential, commercial, and recreational amenities that cater to a diverse community.

With a population of around 2,200 people, Melrose Park has a demographic mix that includes families, young professionals, and retirees. The suburb is popular for its proximity to key urban amenities while maintaining a quiet, suburban atmosphere. Housing in the area consists mainly of older homes, many of which have been renovated or redeveloped, giving the suburb a blend of character homes and modern residences.

Public transportation is well-serviced in Melrose Park, with multiple bus routes running along major roads such as South Road and Winston Avenue, providing easy access to Adelaide’s CBD and surrounding areas. The suburb is also located near key arterial roads, including the Southern Expressway, making commuting by car convenient for residents.

Melrose Park offers a range of local amenities, with shopping centres, supermarkets, and specialty stores located nearby. The Castle Plaza Shopping Centre, just a short drive away, provides access to major retailers and dining options, making it a convenient shopping destination for residents. Additionally, Melrose Park’s proximity to the growing commercial precincts along South Road provides further employment and retail opportunities.

For recreation, Melrose Park is close to several parks and green spaces, including Edwardstown Oval and the Mitcham Reserve, which offer areas for sports, picnics, and outdoor activities. The nearby Pasadena Green Shopping Centre and the Marion Aquatic Centre provide further leisure and recreational options, ensuring residents have access to a variety of facilities for fitness and relaxation.

Educational facilities are also easily accessible, with schools such as Edwardstown Primary School and St Anthony's School located in nearby suburbs, catering to families with children. The area’s peaceful environment and proximity to schools and parks make it an attractive choice for families.

Melrose Park’s central location, combined with its access to modern amenities, transport links, and recreational facilities, makes it an appealing suburb for a wide range of residents. Its blend of suburban tranquillity and urban convenience makes it a desirable place to live for those seeking a balanced lifestyle near Adelaide.

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