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Investment Property Melville, WA

Region Snapshot

Melville is a region in Western Australia, Australia. Melville has a population of 98,078 people and 20.56% of its occupants live in rental accommodation. The median listing price for houses is $1,295,000 and this has changed 31.47% over the past year and changed 43.88% over 2 years.

The median rent in for houses is $780 per week and the median rental yield is 3.13%. Stock on the market for houses/townhouses has changed 13.82% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $850,000 and this has changed 42.85% over the past year. The average unit takes NA days to sell and the median rent for a unit in Melville is $650 per week, producing a rental yield of 3.97%.

Supply & Demand in Melville

0.57%

Current vacancy rate


269

Rental stock available


98,078

Population


20.56%

Rental population


0.63%

Current vacancy rate


7,731

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

  House Townhouses Units
Median listing price $1,295,000 $749,500 $850,000
Median price change - last quarter 7.50% 5.57% 1.96%
Median price change - 1 year 31.47% 25.12% 42.85%
Median price change - 2 years 43.88% 36.27% 42.37%
  House Townhouses Units
Median weekly rent $780 $650 $650
Median yield % 3.13% 4.50% 3.97%
Median rent change - 1 year 11.42% 13.04% 18.18%
  House Units
Previous month sales 109 11
Stock on market previous month 593 119
Stock variance vs. last year 13.82% -21.19%
Average days on market NA NA

Melville investment property listings

Showing 5 of 828 investment properties found in Melville on realestateinvestar.com.au

16 Coomoora Rd, Mount Pleasant

$1,975,000

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Big Block, Big Potential

Positioned in a highly accessible family friendly precinct close to the river, this substantial 862sqm parcel with a generous 25.15m frontage delivers an exceptional opportunity with endless upside for developers, investors and land bankers. The R20 zoning provides the opportunity to create 2 ...

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WA 6153


3 Temby Ct, Kardinya

$1,199,000

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A Hidden Haven with Heart

Tucked quietly at the end of a peaceful cul-de-sac, 3 Temby Court is the kind of home that just feels good the moment you arrive. Private, leafy and effortlessly liveable, it's a home designed for those who want space, style and a little sanctuary of their own. Inside, the layout is both ...

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House

WA 6163


42 Davenport Rd, Booragoon

$1,490,000

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REBUILD OR REIMAGINE

One look at this solid & spacious mid-century home & you'll see the incredible potential to bring her back to her former glory (think newly-revealed jarrah floors, exposed beams, a garden in need of TLC etc.) OR knock her down & build your dream home on the near-level, wide frontage lot. Ask us ...

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WA 6154


21 Robertson Rd, Kardinya

$0

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Serene Family Sanctuary, Beautiful Garden Oasis

Nestled behind the treed canopies of magnificent sugar gums and trailing native greenery the birds just love a true sense of sanctuary reveals itself. Immersed in garden serenity, that feeling continues inside: green outlooks everywhere, restful bedroom retreats, and a series of flexible spaces ...

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WA 6163


8a Stirk Rd, Alfred Cove

$0

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One of Alfred Cove's Finest Homes.

Positioned in one of Alfred Cove's most desirable pockets, this near-new 2024-built residence by Summit Home Group delivers the perfect balance of scale, style and effortless living. This residence is expected to be snapped up quickly and must be at the top your buying list this weekend! Set on a ...

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WA 6154


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