At number 1655th in the list of Australian suburbs ordered by increase in median house value over the last year, Melrose Park, 2114 is in the top 40% with a property value increase of 7.27% recorded in median house prices.
If we look at median property appreciation over just the last three months, Melrose Park has given property investors a paper return of 3.34%. This puts Suburb as 544 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Melrose Park is $1498500, with sellers offering an average of -4.03% off the asking price.
Using the current median advertised rental of $695 and the average annual increase in value of a median property of 10.69%, investors should hope to achieve an overall return of 2.41%