Investment property in Melba has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.67%
Taking the average capital gain, or increase in median house value, Melba,2615 has racked up an average of 10.67% over the period. This ranks it number 2865th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Melba is giving property investors an average Vendor Discount of around -4.56%. This puts suburb at number 22th in ACT when ranking the most discounted suburbs.
Melba is 30th on a list of best yielding suburbs for rents in ACT with a 4.36% return
Melba is in the bottom 20% in ACT when comparing median price capital growth over the last year. Melba gave property investors a dismal capital gain figure when compared to the rest of the state, with -15.50%.
At number 1st of ACT’s most discounted properties, Melba is in the bottom 10% of the state/territory when listing in order of most discounted to least.
At number 1097 in a list of fastest selling suburbs, Melba is in the bottom 30% of suburbs in Australia with an average of days on market 96.2 for properties listed there.