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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 $781,000 and this has changed 4.13% over the past year and changed 8.62% over 2 years.

The median rent in for houses is $500 per week and the median rental yield is 3.32%. Stock on the market for houses/townhouses has changed -12.35% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $547,000 and this has changed 14.19% over the past year. The average unit takes NA days to sell and the median rent for a unit in Melville is $410 per week, producing a rental yield of 3.89%.

Supply & Demand in Melville

0.67%

Current vacancy rate


304

Rental stock available


98,078

Population


20.56%

Rental population


0.65%

Current vacancy rate


7,683

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 $781,000 $490,000 $547,000
Median price change - last quarter 1.04% 0.00% 5.80%
Median price change - 1 year 4.13% 3.15% 14.19%
Median price change - 2 years 8.62% 4.25% 13.95%
  House Townhouses Units
Median weekly rent $500 $410 $410
Median yield % 3.32% 4.35% 3.89%
Median rent change - 1 year 11.11% 17.14% 10.81%
  House Units
Previous month sales 116 19
Stock on market previous month 752 203
Stock variance vs. last year -12.35% -6.88%
Average days on market NA NA

Melville investment property listings

Showing 5 of 739 investment properties found in Melville on realestateinvestar.com.au

118 Aitken Dr, Winthrop

$1,290,000

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Epitome of Family Living

Welcome to an exquisite Winthrop residence, the epitome of family living, set in an idyllic location, designed and executed with contemporary and peaceful family lifestyle in mind. Just a stone throw's away from the beautiful Robert Smith Park, this stunning residence exhibits contemporary, ...

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WA 6150


1905/908 Canning Hwy, Applecross

$850,000

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Home Open Cancelled - Contact agent

Here is a rare chance to own an exclusive and highly sought-after apartment in the beautiful and sophisticated suburb of Applecross. Sitting on the amazing 19th level of the Iconic Sabina building, see the spectacular wrap around views of the beautiful Swan River, swaying yachts and the Perth city ...

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WA 6153


2/12 Bridges Rd, Melville

$509,000

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2/12 BRIDGES ROAD, MELVILLE

Melville is a renowned location and a place to be part of, so be the first to view this versatile investment for the start up family, first home buyer or down sizer. Complete with 2 large bedrooms and 1 bathroom this home is complete with all year entertaining and added security for the family. ...

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WA 6156


16/15 Point Walter Rd, Bicton

$449,000

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Immaculate, Spacious & In the Best Location...

Carlin Team presents this fully renovated easy-care home offering a low maintenance lifestyle and having all the designer finishes. The traditional exterior blends perfectly with a fully renovated interior all while offering every convenience, you'll be delighted with the perfect balance of old ...

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Townhouse

WA 6157


12/7 Cottrill St, Myaree

$410,000

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INVESTMENT READY

This beautiful two bedroom, one bathroom, one carport villa has been wonderfully maintained and will be a perfect investment for you. Open plan kitchen and a dining area that opens onto a huge undercover alfresco provides for all your family entertaining. Vinyl Plank flooring throughout makes for ...

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Unit

WA 6154


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