Powered by MOMENTUM MEDIA
AREA REPORTS

Melville

Suburb Profile

Melville - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6156

house
unit

MELVILLE, 6156 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling MELVILLE, 6156 values up and netting property investors a capital gain of 10.85% for the past year.

Investors saw the median home price rise to $817,500.

Profits due to an upward trend in home prices in the suburb averaged 1.49% per annum over a 3-year period.

MELVILLE now ranks at the 164th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MELVILLE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $475 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MELVILLE, homes and units usually stay on listing for an average of 67.9 days.

In 2016, 90 properties were sold in MELVILLE during the past year, making it the 22nd most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $817,500 $461,000
GROWTH REPORT
Median Quarterly 2.03% 0%
Median 12 month 10.85% 12.3%
Median 3 years 4.47% -6.87%
Median 5 years 4.01% -14.79%
10 years average annual 1.3% 1.45%
Weekly media advert. rent $475 $350
Time on Market 67.9 days 96.8 days
Gross Rental Yield Percent 3.02% 3.95%
demographics (median values)
Total Population
4823
Weekly Household Income
1090
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

How to refinance a rental property

How to refinance a rental property

There are great deals around the market at the moment for new lending, and in particular, new lending to investors. The only way to fully sh...

Better borrowing power a boon for pre-Christmas sales

Better borrowing power a boon for pre-Christmas sales

The recent reduction of a number of “floor rates” to under 5 per cent could see vendors receiving strong sales up to Christmas and again...

Listings of short-stay rentals drop over 50%

Listings of short-stay rentals drop over 50%

Listings of short-stay rentals on Airbnb and other similar platforms have more than halved – shedding 17,000 properties – in the major m...

The rent divergence in the big 3 capitals

The rent divergence in the big 3 capitals

While most of the smaller capital cities thrived amid the COVID-19 virus, Sydney, Melbourne and Brisbane found themselves with a mixed bag o...

Perth rental market emerges on top

Perth rental market emerges on top

As bigger capital cities’ rents continue to fall, Perth rent values have soared annually, according to CoreLogic. ...

tenancy databases

The landlord’s guide to tenancy databases

What are tenancy databases and why should you use them as a landlord? ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.