Over the last year, property investments in Melba, 2615 have given investors a capital gain of -13.29%. This compares badly with the -2.25% for ACT as a whole.
While Melba,2615 ranked number 42th in ACT for increase in median house value (annualised) increase, it is ranked 55th over the last 5 years.
Property investors looking for a bargain in Melba should be aiming for at least 0.00% off the asking price, which is the average vendor discount being achieved at the moment.
Melba, 2615’s gross rental yield is 4.70%
If you compare the increase in value of investment property in Melba, 2615 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was 0.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Melba comes in at number 36th in ACT.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Melba, 2615. Typically our figures indicate that 0.00% is being offered, which puts this ACT suburb at 1023th most discounted overall in Australia.
With the median price for a house in Melba being $618500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 9.27%