Suburb Profile Report for Melba ACT (2615)

Melba House: Median price $597,500, Annual capital growth 4.80%, Number of sales 42, Weekly median advertised rent $513

Melba Unit: Median price $356,000, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $385

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Melba has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.50%

The five-year average increase in median property values for Melba,2615 has given property investors a potential capital gain of 19.50% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Melba, 2615. Typically our figures indicate that -4.21% is being offered, which puts this ACT suburb at 3069th most discounted overall in Australia.

The ACT suburb of Melba, 2615 is in the Unincorporated ACT local government area.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.21% offered to property buyers. Sellers in Melba itself are offering an average vendor discount of -4.80% to real estate investors.

At number 1360 in a list of fastest selling suburbs, Melba is in the bottom 10% of suburbs in Australia with an average of days on market 123.25 for properties listed there.

The ACT suburb of Melba, 2615 is in the Unincorporated ACT local government area.

Metrics i HOUSE UNIT
$597,500 $356,000
6.70% 1.14%
17.50% N/A
4.80% N/A
$513 $385
42 14
4.46% 5.62%
71.33 123.25

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3200
Median household income ($/weekly) 1858
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 369 11.5
    25-34 years 424 13.3
    35-44 years 468 14.6
    45-54 years 411 12.8
    55-64 years 422 13.2
    Others 1105 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 1250 53.0
    Not Married 879 37.3
    Defacto Relationship 228 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2462 79.8
    Croatia 41 1.3
    Papua New Guinea 44 1.4
    United Kingdom 145 4.7
    Other 127 4.1
    Others 268 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 1.3
    Christianity 1895 63.7
    Hinduism 23 0.8
    Islam 43 1.4
    No Religion 949 31.9
    Others 25 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 150 14.6
    $2,000-$2,499 104 10.1
    $2,500-$2,999 117 11.4
    $3,000-$3,499 115 11.2
    $4,000 or more 91 8.9
    Others 450 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1084 43.9
    Not in the labour force 765 30.9
    Employed, worked part-time 461 18.6
    Employed, away from work 116 4.7
    Unemployed, looking for work 46 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 233 14.0
    Professionals 454 27.4
    Technicians & trades workers 171 10.3
    Community & personal service workers 185 11.2
    Clerical & administrative workers 333 20.1
    Others 283 17.1
    Occupation
    Census Count Percent(%)
    Pre-school 60 7.7
    Infants/Primary 246 31.6
    Secondary 196 25.2
    Technical or Further Educational Institution 86 11.1
    University or other Tertiary Institutions 162 20.8
    Others 28 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2659 88.9
    Semi-detached, row or terrace house, townhouse 303 10.1
    Flat, unit or apartment 29 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 482 42.5
    Fully owned 406 35.8
    Rented 240 21.2
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
Chart Table
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