Over the last year, property investments in Melville, 6156 have given investors a capital gain of 0.45%. This compares very favourably with the -5.25% for WA as a whole.
Taking the average capital gain, or increase in median house value, Melville,6156 has racked up an average of 0.45% over the period. This ranks it number 3235th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Melville 6156 should be seeing an average reduction in asking price of around -5.82% . This means that Melville is holding prices well when compared to other suburbs in WA.
In the last year 102 properties changed hands in Melville, which puts it as the 108th most active market in WA when comparing the number of sales per suburb.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 5.82%.
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 -17.17%
Melville,6156 has offered an average of -17.17% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Melville is giving property investors an average Vendor Discount of around -6.10%. This puts suburb at number 76th in WA when ranking the most discounted suburbs.