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.