MELBOURNE 3004
State: VICPosiProp AI Investment Summary
MELBOURNE (VIC 3004) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.6% and has experienced a 12-month capital growth of Down -51.6%, with a median house buy price of $580,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$610,000
$1,282,500
$6,425,000
$580,000
Suburb Market Profile
Last month Melbourne had 1135 properties available for rent and 738 properties for sale. Median property prices over the last year range from $580,000 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 2.6% and units rent for $670 PW with a rental yield of 7.2%. Melbourne has seen an annual compound growth rate of -51.6% for houses and 0.9% for units.
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