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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

16B Kearsley Rise, Murdoch

$900,000

property pic

1ST TIME OPEN - SAT 27th DECEMBER

Opportunistic buyers take note! I'm not sure how long this will last so hurry to be at the home open! This delightful rear strata (no fees or shared land) is IMMACULATE and ready to move into. Buying to live in or rent out? It doesn't really matter, there's nothing to do!! With a lounge area plus ...

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House

WA 6150


69A Moolyeen Rd, Brentwood

$0

property pic

RARE GEM & PRIME LOCATION

Nestled in this highly sought-after suburb, this luxuriously crafted residence promises an unparalleled living experience. Its expansive open-concept design seamlessly flows into a grand covered alfresco space, perfect for sophisticated entertaining or relaxed family gatherings by the surroundings ...

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House

WA 6153


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