ACT has seen average median house prices change by 5.75% which means that Melba, 2615 has done well for property investors by showing a capital gain of 17.59% over the last year
Melba,2615 has offered an average of 17.59% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Melba is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 19th in ACT when ranking the most discounted suburbs.
At number 1574 in a list of fastest selling suburbs, Melba is just in the top half of suburbs in Australia with an average of days on market 73.76 for properties listed there.
Renters in Suburb are facing rents around $5790 per annum or $482.5 every week.
Giving property investors a a stable capital gain of 8.31% for the last year, Melba, 2615 is the 481th highest performer in Australia in this respect.
Across a shorter period, Melba, 2615 has seen a median price increase of 10.34% over the last quarter.
At number 15th of ACT’s most discounted properties, Melba is in the bottom 40% of the state/territory when listing in order of most discounted to least.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 5.61%, without taking into account capital value appreciation, which has been averaging out at 5.83%.