Property investments in MOUNT MELVILLE did not fare well against the rest of the country last year, registering a median home price decrease of -1.37%.
Real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 91.8 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $360,000.
MOUNT MELVILLE ranks 98th on the list of best yielding suburbs for rental properties in WA, posting a 4.77% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.37%||N/A|
|Median 3 years||0.84%||N/A|
|Median 5 years||9.92%||N/A|
|10 years average annual||-0.71%||N/A|
|Weekly media advert. rent||$330||N/A|
|Time on Market||91.8 days||N/A|
|Gross Rental Yield Percent||4.77%||N/A|