Melba, 2615 ranked 5th in ACT when comparing growth in median property values or capital gain over the last 12 months. Melba is one of 126 in our list for ACT
Taking the average capital gain, or increase in median house value, Melba,2615 has racked up an average of 16.37% over the period. This ranks it number 1863th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Melba 2615 should be seeing an average reduction in asking price of around -4.30% . This means that Melba is holding prices well when compared to other suburbs in ACT.
Property investors should expect to get $475 weekly from the median priced house in this suburb.
At number 1646th in the list of Australian suburbs ordered by increase in median house value over the last year, Melba, 2615 is in the BOTTOM 10% with a property value increase of -14.93% recorded in median house prices.
Across a shorter period, Melba, 2615 has seen a median price increase of 11.54% over the last quarter.
At number 6th of ACT’s most discounted properties, Melba is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 1389 in a list of fastest selling suburbs, Melba is in the bottom 10% of suburbs in Australia with an average of days on market 131.1 for properties listed there.