Melville is in the TOP 30% in WA when comparing median price capital growth over the last year. Melville gave property investors a good capital gain figure when compared to the rest of the state, with 0.00%.
If we look at median property appreciation over just the last three months, Melville has given property investors a paper return of 0.00%. This puts Suburb as 138 on a list of fastest fasting appreciating suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.21% offered to property buyers. Sellers in Melville itself are offering an average vendor discount of -5.99% to real estate investors.
A $477.5 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 4.69%.
Over the last year, property investments in Melville, 6156 have given investors a capital gain of -23.14%. This compares very badly with the -3.64% for WA as a whole.
A 7.32% growth in median value for property investors in Melville,6156 puts this suburb at number 99th in terms of best performing suburbs in WA
Vendor discounting in Melville is giving property investors an average Vendor Discount of around -8.38%. This puts suburb at number 45th in WA when ranking the most discounted suburbs.
In the last year 24 properties changed hands in Melville, which puts it as the 71th most active market in WA when comparing the number of sales per suburb.
Melville, 6156’s gross rental yield is 4.49%