Property investors who have had real estate in Melville, 6156 should be ok with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.50%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melville has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Melville, 6156. Typically our figures indicate that -6.64% is being offered, which puts this WA suburb at 1250th most discounted overall in Australia.
Melville is 365th on a list of best yielding suburbs for rents in WA with a 2.66% return
Melville is in the TOP 20% in WA when comparing median price capital growth over the last year. Melville gave property investors a very good capital gain figure when compared to the rest of the state, with 6.49%.
Comparing Melville,6156 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -7.41% to buyers in Melville at the moment, which is less than average for the rest of WA.
At number 1099 in a list of fastest selling suburbs, Melville is in the bottom 30% of suburbs in Australia with an average of days on market 96.5 for properties listed there.
Property investors should expect to get $377.5 weekly from the median priced house in this suburb.