melba 2615
State: ACTPosiProp AI Investment Summary
melba (ACT 2615) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.3% and has experienced a 12-month capital growth of Up 6.6%, with a median house buy price of $950,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$599,000
$870,000
$995,000
$950,000
Suburb Market Profile
Last month Melba had 7 properties available for rent and 8 properties for sale. Median property prices over the last year range from $950,000 for houses to $725,000 for units. If you are looking for an investment property, consider houses in Melba rent out for $720 PW with an annual rental yield of 4.3% and units rent for $500 PW with a rental yield of 4.9%. Melba has seen an annual compound growth rate of 6.6% for houses and 71.6% for units.
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