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Investment Property Melville, WA, 6156

Suburb Snapshot

Melville is a suburb in the Melville Region of Western Australia. Melville has a population of 5,696 people and 16.36% of its occupants live in rental accommodation. The median listing price for houses is $1,200,000 and this has changed 14.39% over the past year and changed 41.34% over 2 years.

The median rent in Melville for houses is $750 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed 6.67% compared to last year and the average time to sell a house/townhouse is 64 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in Melville is NA per week, producing a rental yield of NA.

Supply & Demand in Melville, Melville

0.40%

Current vacancy rate


11

Rental stock available


5,696

Population


16.36%

Rental population


0.52%

Current vacancy rate


245

Rental stock available


98,078

Population


20.56%

Rental population


0.61%

Current vacancy rate


7,509

Rental stock available


2,474,414

Population


23.98%

Rental population


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Statistical data for Melville, Melville

  House Townhouses Units
Median listing price $1,200,000 NA NA
Median price change - last quarter 1.69% NA NA
Median price change - 1 year 14.39% NA NA
Median price change - 2 years 41.34% NA NA
  House Townhouses Units
Median weekly rent $750 $640 NA
Median yield % 3.25% NA NA
Median rent change - 1 year 3.44% 17.43% NA
  House Units
Previous month sales 7 1
Stock on market previous month 32 1
Stock variance vs. last year 6.67% -66.67%
Average days on market 64 NA

Melville investment property listings

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