WA has seen average median house prices change by -5.20% which means that Melville, 6156 has not done well for property investors by showing a capital gain of -0.76% over the last year
The five-year average increase in median property values for Melville,6156 has given property investors a potential capital gain of 13.77% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Melville is offering property investors an average of -8.26. This rate of discount on properties puts Suburb at number 327th in terms of most discounted suburbs in WA
Renters in Suburb are facing rents around $5130 per annum or $427.5 every week.
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 -21.43%
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 -8.22% is being offered, which puts this WA suburb at 149th most discounted overall in Australia.
Residents and property investors in Melville have been waiting around 155.84 days to sell a property.