Property value increases in Melville have tracked just lower than the WA average of -2.50% over the last 12 months.
Taking the average capital gain, or increase in median house value, Melville,6156 has racked up an average of -5.51% over the period. This ranks it number 3507th in the whole country for real estate investors looking at median house price increases.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Melville itself are offering an average vendor discount of -7.44% to real estate investors.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 1.98%.
WA has seen average median house prices change by -5.16% which means that Melville, 6156 has not done well for property investors by showing a capital gain of 13.38% over the last year
Melville,6156 has offered an average of 13.38% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.94% offered to property buyers. Sellers in Melville itself are offering an average vendor discount of -4.86% to real estate investors.
Melville, 6156’s gross rental yield is 3.93%