SA has seen average median house prices change by 3.04% which means that Melrose Park, 5039 has done well for property investors by showing a capital gain of 5.10% over the last year
The five-year average increase in median property values for Melrose Park,5039 has given property investors a potential capital gain of 13.81% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Melrose Park is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 338th in terms of most discounted suburbs in SA
With the median price for a house in Melrose Park being $515000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.84%
Property investors should expect to get $317.5 weekly from the median priced house in this suburb.