MELBOURNE 3000
State: VICPosiProp AI Investment Summary
MELBOURNE (VIC 3000) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.3% and has experienced a 12-month capital growth of Down -73.5%, with a median house buy price of $437,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$465,000
$2,194,444
$854,000
$437,000
Suburb Market Profile
Last month Melbourne had 1107 properties available for rent and 779 properties for sale. Median property prices over the last year range from $437,000 for houses to $460,000 for units. If you are looking for an investment property, consider houses in Melbourne rent out for $650 PW with an annual rental yield of 2.3% and units rent for $650 PW with a rental yield of 7.3%. Melbourne has seen an annual compound growth rate of -73.5% for houses and -0.2% for units.