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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 738 investment properties found in Melville on realestateinvestar.com.au

10/35 Winnacott St, Willagee

$675,000

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PREMIUM VILLA IN RELAXED PARKSIDE SETTING

Welcome to 10/35 Winnacott Street, an inviting 2-bedroom villa situated in the heart of Willagee with captivating tree views to Winnacott Reserve. This well-maintained property offers a comfortable and convenient lifestyle, perfect for first-time buyers, investors, or downsizers looking for a ...

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Townhouse

WA 6156


61 Reynolds Rd, Mount Pleasant

$2,100,000

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Effortless modern living

Modern, versatile and thoughtfully designed, this brand new single-level residence offers an exceptional lifestyle where style and functionality blend seamlessly. Set on a generous 486sqm street front block, the home spans one expansive level, showcasing abundant space and natural light ...

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WA 6153


51 Spigl Way, Bateman

$0

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Spacious Family Living in a Peaceful, Prime Location

Experience a sense of scale, and the perfect blend of space , style and tranquility in this expansive family residence, well positioned in a quiet pocket of Bateman. Freshly painted and well presented, ready for the next family to place their modern touch to their desired lifestyle. This residence ...

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House

WA 6150


1B Canna Way, Ardross

$0

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Outstanding Suburb Position with an Exceptional Home Layout.

Welcome to 1b Canna Way, thoughtfully designed family home nestled in one of Ardross's most desirable and quiet residential streets. Set in a safe and secure location, this low-maintenance home features high ceilings, spacious rooms and easy access to transport. Property Highlights: - 3x bedroom, ...

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House

WA 6153


246 Marmion St, Palmyra

$0

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FAMILY APPEAL. ENDLESS POSSIBILITIES.

Big, bold and bursting with possibilities, this expansive 6 bedroom 2 bathroom property stretches across a super rare 1012sqm block and delivers flexibility that truly sets it apart. Comprising of a comfortable original 3 bedroom 1 bathroom front residence plus a fully-self-contained 3 bed 1 bath ...

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House

WA 6157


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