Suburb Profile Report for Melba ACT (2615)

Melba House: Median price $560,000, Annual capital growth 5.26%, Number of sales 37, Weekly median advertised rent $470

Melba Unit: Median price $319,000, Annual capital growth 0.83%, Number of sales 10, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$560,000 $319,000
10.13% N/A
10.67% -15.50%
5.26% 0.83%
$470 $350
37 10
4.36% 5.71%
65.1 96.2

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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
Recent sales & rentals