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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 4 of 4 investment properties found in Melville on realestateinvestar.com.au

Proposed Lots 1-3,14 Worley St, Willagee

$1,100,000

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Light, Contemporary, Brand New Villas

Proposed Lot 1 (Unit A) - 3 Beds, 2 Baths, 2 Garages|242 sqm Survey-Strata Titled Block (approx)|Internal 160 sqm (approx) Proposed Lot 2 (Unit B) - 3 Beds, 2 Baths, 2 Garages|196 sqm Survey-Strata Titled Block (approx)| Internal 145 sqm (approx) Proposed Lot 3 (Unit C) - 3 Beds, 2 Bath, 2 Garages ...

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WA 6156


1/188 Kitchener Rd, Booragoon

$1,399,000

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A survey strata showstopper

Aesthetically on point and stylish renovations throughout, this street front home will impress the fussiest of buyers. Conveniently positioned on a 344 survey-strata, street-front setting, this home offers a beautifully renovated, low-maintenance lifestyle in a location that makes day-to-day ...

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WA 6154


20 Bridges Rd, Melville

$0

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Unmatched Opportunity on a 2,023 sqm R40 Zoned Block

Hartanto properties proudly presents 20 Bridges Road, Melville, a truly rare and exceptional property offering unparalleled development potential on a massive 2,023 sqm block with an impressive 25m frontage. Zoned R40 and perched on one of Melville's highest points, this property boasts ...

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WA 6156


13 Wren St, Mount Pleasant

$0

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Quarter Acre With Two Houses

Salt Property Group are proud to present 13 & 13a Wren Street Mount Pleasant for sale. Own your piece of the Canning Bridge Structure Plan, Perth's most active development area situated between Perth (9km) and Fremantle (11km) connected to the wider metro by road, river and rail. Both properties ...

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House

WA 6153


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