Suburb Profile Report for Melrose Park NSW (2114)

Melrose Park House: Median price $1,430,000, Annual capital growth 10.22%, Number of sales 19, Weekly median advertised rent $620

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

Source: CoreLogic

  • House Report

At number 2534th in the list of Australian suburbs ordered by increase in median house value over the last year, Melrose Park, 2114 is in the BOTTOM 40% with a property value increase of 2.36% recorded in median house prices.

The five-year average increase in median property values for Melrose Park,2114 has given property investors a potential capital gain of 76.54% across each of those five years.

Melrose Park2114 is located in NSW which offers an average discount of -5.49% to property investors. Melrose Park itself is showing figures that indicate -6.68% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Melrose Park have been waiting around 65.84 days to sell a property.

Melrose Park is 1101th on a list of best yielding suburbs for rents in NSW with a 2.25% return

Metrics i HOUSE UNIT
$1,430,000 N/A
1.06% N/A
2.36% N/A
10.22% N/A
$620 N/A
19 N/A
2.25% N/A
65.84 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 1471
Median household income ($/weekly) 1800
Median age of persons 38
Median housing loan repayment ($/monthly) 2383
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 225 15.3
    25-34 years 153 10.4
    35-44 years 265 18.0
    45-54 years 224 15.2
    55-64 years 175 11.9
    Others 429 29.2
    Age Group
    Census Count Percent(%)
    Registered Married 638 59.7
    Not Married 356 33.3
    Defacto Relationship 74 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1027 72.4
    Croatia 27 1.9
    Lebanon 30 2.1
    United Kingdom 54 3.8
    Other 75 5.3
    Others 206 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 3.3
    Christianity 1050 77.0
    Hinduism 18 1.3
    Islam 22 1.6
    No Religion 215 15.8
    Others 13 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 32 7.2
    $1,500-$1,999 54 12.2
    $2,000-$2,499 55 12.4
    $2,500-$2,999 58 13.1
    $3,000-$3,499 38 8.6
    Others 205 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 486 45.0
    Not in the labour force 330 30.5
    Employed, worked part-time 196 18.1
    Employed, away from work 43 4.0
    Unemployed, looking for work 26 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 102 14.1
    Professionals 208 28.7
    Technicians & trades workers 83 11.5
    Community & personal service workers 59 8.1
    Clerical & administrative workers 134 18.5
    Others 138 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 39 10.2
    Infants/Primary 154 40.1
    Secondary 80 20.8
    Technical or Further Educational Institution 36 9.4
    University or other Tertiary Institutions 68 17.7
    Others 7 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1364 96.7
    Semi-detached, row or terrace house, townhouse 47 3.3
    Flat, unit or apartment 0 0.0
    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 216 44.6
    Fully owned 187 38.6
    Rented 78 16.1
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals