Melba, 2615 ranked 69th in ACT when comparing growth in median property values or capital gain over the last 12 months. Melba is one of 126 in our list for ACT
Across a shorter period, Melba, 2615 has seen a median price increase of 2.27% over the last quarter.
Property buyers and investors in Melba 2615 should be seeing an average reduction in asking price of around -8.41% . This means that Melba is holding prices well when compared to other suburbs in ACT.
With the median price for a house in Melba being $562500 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 4.62%
Giving property investors a a solid capital gain of 44.23% for the last year, Melba, 2615 is the 10th highest performer in Australia in this respect.
With the median price for a house in Melba being $412500 and the advertised rent reaching $377.5 the gross rental yield for property investors calculates out to be 4.76%