At number 2674th in the list of Australian suburbs ordered by increase in median house value over the last year, Melrose Park, 5039 is in the BOTTOM 40% with a property value increase of 2.40% recorded in median house prices.
The five-year average increase in median property values for Melrose Park,5039 has given property investors a potential capital gain of 17.57% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Melrose Park, 5039. Typically our figures indicate that -4.52% is being offered, which puts this SA suburb at 2723th most discounted overall in Australia.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 5.11%, investors should hope to achieve an overall return of 3.91%