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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 $1,049,000 and this has changed 23.55% over the past year and changed 26.38% over 2 years.

The median rent in Melville for houses is $725 per week and the median rental yield is 3.59%. Stock on the market for houses/townhouses has changed -47.37% compared to last year and the average time to sell a house/townhouse is 109 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes 47 days to sell and the median rent for a unit in Melville is $520 per week, producing a rental yield of NA.

Supply & Demand in Melville, Melville

0.29%

Current vacancy rate


8

Rental stock available


5,696

Population


16.36%

Rental population


0.54%

Current vacancy rate


250

Rental stock available


98,078

Population


20.56%

Rental population


0.62%

Current vacancy rate


7,457

Rental stock available


2,474,414

Population


23.98%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Melville, Melville

  House Townhouses Units
Median listing price $1,049,000 $385,000 NA
Median price change - last quarter 5.42% -1.03% NA
Median price change - 1 year 23.55% -9.42% NA
Median price change - 2 years 26.38% -21.83% NA
  House Townhouses Units
Median weekly rent $725 $545 $520
Median yield % 3.59% 7.36% NA
Median rent change - 1 year 11.53% 15.95% 9.47%
  House Units
Previous month sales 0 0
Stock on market previous month 30 3
Stock variance vs. last year -47.37% 50.00%
Average days on market 109 47

Melville investment property listings

Showing 3 of 3 investment properties found in Melville on realestateinvestar.com.au

100 - 102 Rome Rd, Melville

$380,000

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Prime Family Parcel!

This newly created subdivison is located on the corner of Rome Road and Thurso Road in the leafy suburb of Melville. Now days, with bigger homes being built on smaller blocks, it allows buyers to enter the Melville property market at a very affordable price, whether it's the first home you intend ...

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House

WA 6156


N/A, Melville

$747,100

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Prime Investment or Lock-and-Leave Lifestyle

This home and land package offers a prime investment opportunity.It is perfect for a lock-and-leave lifestyle or building your dream home. Its central location provides convenience and easy access to amenities, transport, and recreation. Don’t miss this chance to invest in Melville’s ...

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House

WA 6156


N/A, Melville

$0

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COMING SOON!

This remarkable property, boasting stunning city and river views, seamlessly blends modern elegance with serene zen ambiance. With premium craftsmanship, spacious bedrooms, and versatile living spaces, it effortlessly flows from one area to the next. The secure environment features six bedrooms, ...

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House

WA 6156


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