MELVILLE 6156
State: WAPosiProp AI Investment Summary
MELVILLE (WA 6156) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.0% and has experienced a 12-month capital growth of Up 22.5%, with a median house buy price of $1,715,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$1,400,000
$1,600,000
$1,850,000
$1,715,000
Suburb Market Profile
Last month Melville had 13 properties available for rent and 35 properties for sale. Median property prices over the last year range from $1,715,000 for houses to $862,500 for units. If you are looking for an investment property, consider houses in Melville rent out for $878 PW with an annual rental yield of 3.0% and units rent for $710 PW with a rental yield of 4.3%. Melville has seen an annual compound growth rate of 22.5% for houses and 19.0% for units.
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