ACT has seen average median house prices change by 5.48% which means that Melba, 2615 has done well for property investors by showing a capital gain of 14.47% over the last year
If we look at median property appreciation over just the last three months, Melba has given property investors a paper return of 0.00%. This puts Suburb as 53 on a list of fastest fasting appreciating suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.57% offered to property buyers. Sellers in Melba itself are offering an average vendor discount of -7.13% to real estate investors.
Situated 10.21km from the CBD, Melba is one of Unincorporated ACT localities in the postcode 2615.
Over the last year, property investments in Melba, 2615 have given investors a capital gain of 26.92%. This compares very favourably with the 1.66% for ACT as a whole.
Melba,2615 was ranked 161 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $415 and the average annual increase in value of a median property of 7.30%, investors should hope to achieve an overall return of 4.36%