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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 2 of 2 investment properties found in Melville on realestateinvestar.com.au

510/893 Canning Hwy, Mount Pleasant

$975,000

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New to market!

Elevated Riverside Living on the 5th Floor - Views, Space and Lifestyle at The Precinct Wake up to soft morning light and sweeping river and hill views from this beautifully appointed fifth floor apartment in the prestigious The Precinct, Mount Pleasant. Spacious, stylish and superbly located, ...

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Unit

WA 6153


13/7 Kintail Rd, Applecross

$595,000

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Fitted Out Office with Great Natural Light

**For Sale or Lease: Prime Office Space in Applecross - Vacant Possession** Discover an exceptional opportunity to own a modern office space in the heart of Applecross. This well-appointed office, located at 13/7 Kintail Road, offers a spacious 92sqm of versatile work area, perfect for businesses ...

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Commercial

WA 6153


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