Property value increases in Melville have tracked just higher than the WA average of -3.83% over the last 12 months.
While Melville,6156 ranked number 130th in WA for increase in median house value (annualised) increase, it is ranked 159th over the last 5 years.
Sellers are offering property buyers an average discount of -5.97% to buyers in Melville at the moment, which is less than average for the rest of WA.
Residents and property investors in Melville have been waiting around 72.33 days to sell a property.
Melville is 361th on a list of best yielding suburbs for rents in WA with a 2.81% return
Melville has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.48% to date .
Comparing Melville,6156 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.71% offered to property buyers. Sellers in Melville itself are offering an average vendor discount of -6.35% to real estate investors.
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.