Suburb Profile Report for Melba ACT (2615)

Melba House: Median price $595,000, Annual capital growth 3.74%, Number of sales 49, Weekly median advertised rent $540

Melba Unit: Median price $382,500, Annual capital growth 23.73%, Number of sales 12, Weekly median advertised rent N/A

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

ACT has seen average median house prices change by 4.34% which means that Melba, 2615 has done well for property investors by showing a capital gain of 1.36% over the last year

Taking the average capital gain, or increase in median house value, Melba,2615 has racked up an average of 1.36% over the period. This ranks it number 1469th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.

The ACT suburb of Melba, 2615 is in the Unincorporated ACT local government area.

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

Metrics	HOUSE	UNIT
Median price	$595,000	$382,500
Quarterly growth	-0.83%	N/A
12-month growth	1.36%	N/A
Average Annual Growth	3.74%	23.73%
Weekly median advertised rent	$540	N/A
Number of sales	49	12
Gross rental yield	4.72%	N/A
Days on market	81.51613	N/A

Your estimated repayment
$2,406.01/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

DSR Score for property investment : Good (H), Good (U)

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Demographics

Total population	3200
Median household income ($/weekly)	1858
Median age of persons	37
Median housing loan repayment ($/monthly)	1950
Average household size	2.7

Census	Count	Percent(%)
5-14 years	369	11.5
25-34 years	424	13.3
35-44 years	468	14.6
45-54 years	411	12.8
55-64 years	422	13.2
Others	1105	34.5

Age Group

Census	Count	Percent(%)
Registered Married	1250	53.0
Not Married	879	37.3
Defacto Relationship	228	9.7

Social Marital Status

Census	Count	Percent(%)
Australia	2462	79.8
Croatia	41	1.3
Papua New Guinea	44	1.4
United Kingdom	145	4.7
Other	127	4.1
Others	268	8.7

Country of Birth

Census	Count	Percent(%)
Buddhism	38	1.3
Christianity	1895	63.7
Hinduism	23	0.8
Islam	43	1.4
No Religion	949	31.9
Others	25	0.8

Religious Affiliation

Census	Count	Percent(%)
$1,500-$1,999	150	14.6
$2,000-$2,499	104	10.1
$2,500-$2,999	117	11.4
$3,000-$3,499	115	11.2
$4,000 or more	91	8.9
Others	450	43.8

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1084	43.9
Not in the labour force	765	30.9
Employed, worked part-time	461	18.6
Employed, away from work	116	4.7
Unemployed, looking for work	46	1.9

Person Characteristics

Census	Count	Percent(%)
Managers	233	14.0
Professionals	454	27.4
Technicians & trades workers	171	10.3
Community & personal service workers	185	11.2
Clerical & administrative workers	333	20.1
Others	283	17.1

Occupation

Census	Count	Percent(%)
Pre-school	60	7.7
Infants/Primary	246	31.6
Secondary	196	25.2
Technical or Further Educational Institution	86	11.1
University or other Tertiary Institutions	162	20.8
Others	28	3.6

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2659	88.9
Semi-detached, row or terrace house, townhouse	303	10.1
Flat, unit or apartment	29	1.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0