Suburb Profile Report for Melrose Park SA (5039)

Melrose Park House: Median price $511,000, Annual capital growth 5.67%, Number of sales 48, Weekly median advertised rent $380

Melrose Park Unit: Median price $352,500, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Melrose Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.29%

Over the longer term, Melrose Park has seen property prices show investors a 16.67% return over the last 3 years. This is worse than over the last 12 months

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 -4.76% is being offered, which puts this SA suburb at 2736th most discounted overall in Australia.

At number 89 in a list of fastest selling suburbs, Melrose Park is in the TOP 10% of suburbs in Australia with an average of days on market 33.68 for properties listed there.

Melrose Park is 263th on a list of best yielding suburbs for rents in SA with a 3.87% return

If we look at median property appreciation over just the last three months, Melrose Park has given property investors a paper return of 3.68%. This puts Suburb as 45 on a list of fastest fasting appreciating suburbs in SA

Renters in Suburb are facing rents around $4020 per annum or $335 every week.

Metrics i HOUSE UNIT
$511,000 $352,500
0.20% 3.68%
4.29% N/A
5.67% N/A
$380 $335
48 10
3.87% 4.94%
33.68 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2134
Median household income ($/weekly) 1053
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 196 9.2
    25-34 years 339 15.9
    35-44 years 274 12.8
    45-54 years 280 13.1
    55-64 years 227 10.6
    Others 818 38.3
    Age Group
    Census Count Percent(%)
    Not Married 790 46.5
    Registered Married 754 44.4
    Defacto Relationship 154 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1609 78.2
    Croatia 56 2.7
    Hong Kong 40 1.9
    United Kingdom 97 4.7
    Other 67 3.3
    Others 188 9.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 2.0
    Christianity 1218 61.4
    Hinduism 28 1.4
    Islam 23 1.2
    No Religion 656 33.1
    Others 19 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 107 12.9
    $400-$599 101 12.2
    $1,000-$1,249 78 9.4
    $1,250-$1,499 82 9.9
    $1,500-$1,999 94 11.3
    Others 369 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 642 37.1
    Employed, worked full-time 638 36.9
    Employed, worked part-time 336 19.4
    Employed, away from work 60 3.5
    Unemployed, looking for work 54 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 99 9.6
    Professionals 253 24.5
    Technicians & trades workers 157 15.2
    Community & personal service workers 120 11.6
    Clerical & administrative workers 169 16.4
    Others 234 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 26 5.7
    Infants/Primary 161 35.4
    Secondary 85 18.7
    Technical or Further Educational Institution 53 11.6
    University or other Tertiary Institutions 119 26.2
    Others 11 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1795 87.5
    Semi-detached, row or terrace house, townhouse 152 7.4
    Flat, unit or apartment 105 5.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 315 35.1
    Being purchased 307 34.2
    Rented 234 26.1
    Other tenure type 42 4.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals