Investment property in Melville has done pretty 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 -0.13%
While Melville,6156 ranked number 241th in WA for increase in median house value (annualised) increase, it is ranked 149th over the last 5 years.
Melville6156 is located in WA which offers an average discount of -8.04% to property investors. Melville itself is showing figures that indicate -6.18% is the average achievable by property buyers investing in the suburb.
Melville, 6156’s gross rental yield is 3.18%
If you compare the increase in value of investment property in Melville, 6156 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -14.29%.
The five-year average increase in median property values for Melville,6156 has given property investors a potential capital gain of 20.00% across each of those five years.
Vendor discounting in Melville is giving property investors an average Vendor Discount of around -6.17%. This puts suburb at number 77th in WA when ranking the most discounted suburbs.