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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 $1,290,000 and this has changed 32.30% over the past year and changed 43.49% over 2 years.

The median rent in for houses is $780 per week and the median rental yield is 3.14%. Stock on the market for houses/townhouses has changed 9.23% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $805,000 and this has changed 40.00% 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 4.19%.

Supply & Demand in Melville

0.52%

Current vacancy rate


245

Rental stock available


98,078

Population


20.56%

Rental population


0.61%

Current vacancy rate


7,509

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 $1,290,000 $710,000 $805,000
Median price change - last quarter 7.50% 5.57% 1.96%
Median price change - 1 year 32.30% 21.36% 40.00%
Median price change - 2 years 43.49% 31.48% 35.29%
  House Townhouses Units
Median weekly rent $780 $650 $650
Median yield % 3.14% 4.76% 4.19%
Median rent change - 1 year 11.42% 13.04% 18.18%
  House Units
Previous month sales 89 17
Stock on market previous month 568 125
Stock variance vs. last year 9.23% -17.76%
Average days on market NA NA

Melville investment property listings

Showing 1 of 1 investment properties found in Melville on realestateinvestar.com.au

9 Buckingham Cres, Kardinya

$0

property pic

FAMILY HOME WITH CHARACTER

This beautifully presented private residence is located in a quiet street close to Alan Edwards parkland and makes you feel you are living in a rural area with the beautiful sounds of local bird life. This 80's-built home, sits on a 741sqm block with a house that simple works for a family or even ...

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4

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House

WA 6163


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