Suburb Profile Report for Melba ACT (2615)

Melba House: Median price $551,000, Annual capital growth 3.98%, Number of sales 38, Weekly median advertised rent $500

Melba Unit: Median price $367,500, Annual capital growth 2.86%, Number of sales 10, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.36% for the last 12 months, Melba, 2615 has performed for property investments than its average annual 3.98% property growth over the last 5 years.

Melba,2615 has offered an average of 8.36% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Melba is offering property investors an average of -3.98. This rate of discount on properties puts Suburb at number 26th in terms of most discounted suburbs in ACT

Property investors should expect to get $500 weekly from the median priced house in this suburb.

Property value increases in Melba have tracked higher than the ACT average of 3.57% over the last 12 months.

Melba,2615 has offered an average of 16.30% return per annum in house price rises to property investors over the last three years.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

Metrics i HOUSE UNIT
$551,000 $367,500
-5.81% 4.40%
8.36% 16.30%
3.98% 2.86%
$500 $400
38 10
4.72% 5.66%
56.38 N/A

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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