SA has seen average median house prices change by 3.56% which means that Melrose Park, 5039 has done well for property investors by showing a capital gain of 4.02% over the last year
Over the longer term, Melrose Park has seen property prices show investors a 14.69% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Melrose Park 5039 should be seeing an average reduction in asking price of around -3.95% . This means that Melrose Park is holding prices well when compared to other suburbs in SA.
Situated 6.69km from the CBD, Melrose Park is one of Mitcham localities in the postcode 5039.