Melville has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.65% to date .
Over the longer term, Melville has seen property prices show investors a 1.67% return over the last 3 years. This is an improvement over the last 12 months
Melville, 6156 is offering WA ‘s 371th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.
Residents and property investors in Melville have been waiting around 78.4 days to sell a property.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.89%, without taking into account capital value appreciation, which has been averaging out at 3.27%.
At number 1300th in the list of Australian suburbs ordered by increase in median house value over the last year, Melville, 6156 is in the BOTTOM 30% with a property value increase of -2.79% recorded in median house prices.
A 17.44% growth in median value for property investors in Melville,6156 puts this suburb at number 18th in terms of best performing suburbs in WA
Vendor discounting in Melville is giving property investors an average Vendor Discount of around -6.91%. This puts suburb at number 74th in WA when ranking the most discounted suburbs.
The WA suburb of Melville, 6156 is in the Melville local government area.