At number 2523th in the list of Australian suburbs ordered by increase in median house value over the last year, Melba, 2615 is in the BOTTOM 40% with a property value increase of 2.72% recorded in median house prices.
Melba,2615 was ranked 907 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Melba are currently offering property investors an average price cut of -4.13% below the asking price at the moment.
Renters in Suburb are facing rents around $5580 per annum or $465 every week.
Melba2615 is located in ACT which offers an average discount of -4.07% to property investors. Melba itself is showing figures that indicate -5.75% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Melba, 2615’s gross rental yield is 5.17%