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

13a Wren St, Mount Pleasant

$1,000,000

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Exceptional Future Potential

Set in a quiet, well-established pocket of Mount Pleasant, 13A Wren Street presents an outstanding opportunity to secure a solid home on a generous parcel of land in one of the suburb's most desirable locations. Offering a comfortable and well-proportioned layout, the home is perfectly suited to ...

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WA 6153


15 Wren St, Mount Pleasant

$2,000,000

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A Rare Opportunity

Positioned within one of Mount Pleasant's most desirable and tightly held pockets, this appealing property delivers a rare combination of immediate comfort, strong investment fundamentals, and exciting development potential. The property's broad appeal and location underpin solid rental demand, ...

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WA 6153


4/4 Petra St, Palmyra

$799,000

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Private Rear Home

Tucked quietly at the rear where peace and privacy take centre stage, this charming 2 bedroom 1 bathroom brick-and-tile villa is the kind of "hidden gem" that punches well above its weight. One of just eight in a tightly-held and established group, it delivers a rare blend of comfort, practicality ...

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WA 6157


13 - 15 Wren St, Mount Pleasant

$0

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Quarter Acre or Half Acre Development Site

Salt Property Group are proud to present this market tested and profit proven development opportunity at 13 & 15 Wren Street Mount Pleasant. Choose from a quater acre suitable for a 6-storey residential development or buy all three titles totalling a half acre and build an 8-storey apartment ...

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WA 6153


8 Isaac St, Melville

$0

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A Picture-Perfect Gem: Charming, Warm and Effortlessly Liveable

A home that truly lives up to its picture -perfect charm, its warm, inviting and effortlessly liveable from the moment you arrive. Thoughtfully designed with light filled interiors, a practical layout and low maintenance spaces, this home brings together comfort, ease and lifestyle no matter which ...

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WA 6156


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