Suburb Profile Report for Melba ACT (2615)

Melba House: Median price $595,000, Annual capital growth 3.60%, Number of sales 60, Weekly median advertised rent $520

Melba Unit: Median price $397,500, Annual capital growth 3.49%, Number of sales 12, Weekly median advertised rent $445

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic What is the right investment loan for you? Find out now

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House Report

Melba is in the TOP 20% in ACT when comparing median price capital growth over the last year. Melba gave property investors a good capital gain figure when compared to the rest of the state, with 10.19%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melba has increased when compared to the 5 year average annual rate.

Melba2615 is located in ACT which offers an average discount of -3.62% to property investors. Melba itself is showing figures that indicate -2.40% is the average achievable by property buyers investing in the suburb.

Metrics	HOUSE	UNIT
Median price	$595,000	$397,500
Quarterly growth	1.71%	-9.19%
12-month growth	8.18%	-16.75%
Average Annual Growth	3.60%	3.49%
Weekly median advertised rent	$520	$445
Number of sales	60	12
Gross rental yield	4.54%	5.82%
Days on market	72.48781	N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

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), Very 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