Suburb Profile Report for Melrose Park SA (5039)

Melrose Park House: Median price $515,000, Annual capital growth 5.22%, 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 $318

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$515,000 $352,500
1.98% N/A
5.10% N/A
5.22% N/A
$380 $318
48 10
3.84% 4.68%
37.58 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (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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