Melville, 6156 ranked 137th in WA when comparing growth in median property values or capital gain over the last 12 months. Melville is one of 1662 in our list for WA
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.
Vendor discounting in Melville is giving property investors an average Vendor Discount of around -6.44%. This puts suburb at number 326th in WA when ranking the most discounted suburbs.
Melville, 6156 ranked 89th in WA when comparing growth in median property values or capital gain over the last 12 months. Melville is one of 1662 in our list for WA
Across a shorter period, Melville, 6156 has seen a median price increase of 11.11% over the last quarter.
Property investors looking for a bargain in Melville should be aiming for at least -7.60% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Melville the average time real estate has been on the market is 149.57 days.
Melville is 102th on a list of best yielding suburbs for rents in WA with a 3.77% return