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 20.4%, with a median house buy price of $1,625,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$920,000
$1,387,500
$1,853,250
$1,625,000
Suburb Market Profile
Last month Melville had 10 properties available for rent and 21 properties for sale. Median property prices over the last year range from $1,625,000 for houses to $850,000 for units. If you are looking for an investment property, consider houses in Melville rent out for $850 PW with an annual rental yield of 3.0% and units rent for $740 PW with a rental yield of 4.7%. Melville has seen an annual compound growth rate of 20.4% for houses and 23.2% for units.