Investment property in Melba has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.37%
Comparing Melba,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Melba are currently offering property investors an average price cut of -4.56% below the asking price at the moment.
Advertised rents are around the $470 mark per week – giving a return of 4.14% based on the median price in Suburb
Property value increases in Melba have tracked higher than the ACT average of -1.90% over the last 12 months.
The five-year average increase in median property values for Melba,2615 has given property investors a potential capital gain of -2.22% across each of those five years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.17% offered to property buyers. Sellers in Melba itself are offering an average vendor discount of -5.60% to real estate investors.
In the last year 13 properties changed hands in Melba, which puts it as the 61th most active market in ACT when comparing the number of sales per suburb.