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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

2 Orrock Ct, Leeming

$2,000,000

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Love at First Sight!

Perched proudly on an elevated corner block in peaceful cul-de-sac seclusion, this character-filled and uniquely-designed 4 bedroom 2 bathroom haven blends timeless warmth with commanding space and outlook. Occupying a generous 784sqm (approx.) block, it enjoys sweeping inland views to the Darling ...

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House

WA 6149


61 Nolan way, Bateman

$0

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YOUR DREAM FAMILY HOME

FIXED DATE SALE - ALL OFFERS PRESENTED MONDAY 16TH MARCH Welcome to 61 Nolan Way, Bateman, a truly exceptional six bedroom, four bathroom double storey residence set on a commanding 757sqm block with incredible street presence and a triple garage. Modern, expansive and impeccably finished ...

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House

WA 6150


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