Suburb Profile Report for Melrose Park NSW (2114)

Melrose Park House: Median price $1,395,000, Annual capital growth 8.53%, Number of sales 10, Weekly median advertised rent $665

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

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

  • House Report

Melrose Park, 2114 ranked 1058th in NSW when comparing growth in median property values or capital gain over the last 12 months. Melrose Park is one of 3163 in our list for NSW

The five-year average increase in median property values for Melrose Park,2114 has given property investors a potential capital gain of 38.12% across each of those five years.

Melrose Park, 2114’s gross rental yield is 2.48%

Metrics i HOUSE UNIT
$1,395,000 N/A
N/A N/A
-11.71% N/A
8.53% N/A
$665 N/A
10 N/A
2.48% N/A
N/A N/A

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

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 1471
Median household income ($/weekly) 1800
Median age of persons 38
Median housing loan repayment ($/monthly) 2383
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 225 15.3
    25-34 years 153 10.4
    35-44 years 265 18.0
    45-54 years 224 15.2
    55-64 years 175 11.9
    Others 429 29.2
    Age Group
    Census Count Percent(%)
    Registered Married 638 59.7
    Not Married 356 33.3
    Defacto Relationship 74 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1027 72.4
    Croatia 27 1.9
    Lebanon 30 2.1
    United Kingdom 54 3.8
    Other 75 5.3
    Others 206 14.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 3.3
    Christianity 1050 77.0
    Hinduism 18 1.3
    Islam 22 1.6
    No Religion 215 15.8
    Others 13 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 32 7.2
    $1,500-$1,999 54 12.2
    $2,000-$2,499 55 12.4
    $2,500-$2,999 58 13.1
    $3,000-$3,499 38 8.6
    Others 205 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 486 45.0
    Not in the labour force 330 30.5
    Employed, worked part-time 196 18.1
    Employed, away from work 43 4.0
    Unemployed, looking for work 26 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 102 14.1
    Professionals 208 28.7
    Technicians & trades workers 83 11.5
    Community & personal service workers 59 8.1
    Clerical & administrative workers 134 18.5
    Others 138 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 39 10.2
    Infants/Primary 154 40.1
    Secondary 80 20.8
    Technical or Further Educational Institution 36 9.4
    University or other Tertiary Institutions 68 17.7
    Others 7 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1364 96.7
    Semi-detached, row or terrace house, townhouse 47 3.3
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 216 44.6
    Fully owned 187 38.6
    Rented 78 16.1
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
Chart Table