ACT has seen average median house prices change by 7.20% which means that Melba, 2615 has done well for property investors by showing a capital gain of 10.13% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melba has increased when compared to the 5 year average annual rate.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.89% offered to property buyers. Sellers in Melba itself are offering an average vendor discount of -3.09% to real estate investors.
At number 1238 in a list of fastest selling suburbs, Melba is in the TOP 40% of suburbs in Australia with an average of days on market 63.14 for properties listed there.