Mount Melville

POSTAL CODE: WA, 6330

HOUSE

Property investments in MOUNT MELVILLE fare well against the rest of the country last year, registering a median home price increase of 0%.

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

Based on its average 5-year and quarterly capital gains MOUNT MELVILLE, 6330 saw average growth in the long term.

Real estate investors could earn a rental income of $565 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 52.2 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 $615,000.

MOUNT MELVILLE ranks 128th on the list of best yielding suburbs for rental properties in WA, posting a 4.78% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$615,000	N/A
Growth Report
Median Quarterly	0.82%	N/A
Median 12 month	0%	N/A
Median 3 years	39.77%	N/A
Median 5 years	89.23%	N/A
10 years average annual	5.37%	N/A
Weekly media advert. rent	$565	N/A
Time on Market	52.2 days	N/A
Gross Rental Yield Percent	4.78%	N/A

Demographics (Median Values)*

Total Population 35869

Weekly Household Income 1208

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1603

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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