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Investment Property Melrose Park, NSW, 2114

Suburb Snapshot

Melrose Park is a suburb in the Parramatta Region of New South Wales. Melrose Park has a population of 1,575 people and 12.59% of its occupants live in rental accommodation. The median listing price for houses is NA and this has changed NA over the past year and changed NA over 2 years.

The median rent in Melrose Park for houses is $780 per week and the median rental yield is NA. Stock on the market for houses/townhouses has changed -50.00% compared to last year and the average time to sell a house/townhouse is 38 days.The median listing price for units is $800,000 and this has changed 2.56% over the past year. The average unit takes 168 days to sell and the median rent for a unit in Melrose Park is $700 per week, producing a rental yield of 4.55%.

Supply & Demand in Melrose Park, Parramatta

1.19%

Current vacancy rate


19

Rental stock available


1,575

Population


12.59%

Rental population


1.73%

Current vacancy rate


1,938

Rental stock available


226,155

Population


37.68%

Rental population


1.02%

Current vacancy rate


37,030

Rental stock available


7,480,223

Population


27.79%

Rental population


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Statistical data for Melrose Park, Parramatta

  House Townhouses Units
Median listing price NA NA $800,000
Median price change - last quarter NA NA 0.62%
Median price change - 1 year NA NA 2.56%
Median price change - 2 years NA NA 2.56%
  House Townhouses Units
Median weekly rent $780 NA $700
Median yield % NA NA 4.55%
Median rent change - 1 year 1.29% NA 2.94%
  House Units
Previous month sales 0 4
Stock on market previous month 3 37
Stock variance vs. last year -50.00% -5.13%
Average days on market 38 168

Melrose Park investment property listings

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