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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 3 of 3 investment properties found in Melville on realestateinvestar.com.au

57A Tain St, Applecross

$1,250,000

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Applecross lifestyle loaded with potential

Be quick to secure this recently refreshed street front single-level home, boasting walkability to the very best of what Applecross has to offer. Designed for easy care, low-maintenance living, this is a renovated, street front single-level home that offers a coveted Applecross base with everyday ...

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House

WA 6153


43 Duncraig Rd, Applecross

$0

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An Applecross Residence of Remarkable Scale and Prestige

Positioned in one of Applecross' most tightly held pockets, 43 Duncraig Road is a home of exceptional scale, quality and lifestyle appeal. Spanning approximately 1,144sqm of total build area across three levels, this is a residence designed for both grand entertaining and comfortable day-to-day ...

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House

WA 6153


1/223 Preston Point Rd, Bicton

$0

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You're Invited to... Low-Maintenance Living by the River

This immaculate home offers an easy-care lifestyle with a functional floorplan, generous outdoor space, and a move-in ready finish. Built in 1990 and recently refreshed with new carpet, fresh paint and new bathrooms, the home presents beautifully. The layout is practical, featuring four bedrooms, ...

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House

WA 6157


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