WA/
Melville

Suburb Profile

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

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unit

MELVILLE, 6156 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 $750,000.

Profits due to an downward trend in home prices in the suburb averaged -1.38% per annum over a 3-year period.

MELVILLE now ranks at the 152nd 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $457.5 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 82.1 days.

In 2016, 96 properties were sold in MELVILLE during the past year, making it the 4th most active market in WA based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $750,000 $418,500
GROWTH REPORT
Median Quarterly -0.27% -16.3%
Median 12 month -6.13% -14.59%
Median 3 years -4.15% -17.62%
Median 5 years 1.69% 0.24%
10 years average annual 1.57% 1.32%
Weekly media advert. rent $457.5 $400
Time on Market 82.1 days 120.4 days
Gross Rental Yield Percent 3.17% 4.97%
demographics (median values)
Total Population
4823
Weekly Household Income
1090
Household Size
2.40
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Melville, WA
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