Giving property investors a an unimpressive capital gain of -0.64% for the last year, Melville, 6156 is the 3198th highest performer in Australia in this respect.
The five-year average increase in median property values for Melville,6156 has given property investors a potential capital gain of 8.33% across each of those five years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.08% offered to property buyers. Sellers in Melville itself are offering an average vendor discount of -6.41% to real estate investors.
Investment property in Melville has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.63%
Taking the average capital gain, or increase in median house value, Melville,6156 has racked up an average of -9.63% over the period. This ranks it number 1552th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.81% to buyers in Melville at the moment, which is less than average for the rest of WA.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 0.68%.