2. WA
  3. Melville

Houses Units

Here you can find what you need to know about Melville, WA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.2M Median Sale Price (National Average $485k) 74th In WA
19.79% Median Sale Price Change (1yr) (National Average 4.30%) 214th In WA
$780pw Median Rent (National Average $395) 81st In WA
3.5% Median Gross Yield (National Average 4.24%) 324th In WA
Properties sold 86
Average discounting -5.73%
Average Days on Market 20
Stock on Market 51 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Melville, WA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Melville, WA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Melville, WA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Melville


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Melville, WA 6156

Part of: Melville Council No data available

The size of Melville is approximately 2.4 square kilometres. It has 8 parks covering nearly 8.2% of total area. The population of Melville in 2011 was 5,198 people. By 2016 the population was 5,688 showing a population growth of 9.4% in the area during that time. The predominant age group in Melville is 40-49 years. Households in Melville are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Melville work in a professional occupation. In 2011, 79.6% of the homes in Melville were owner-occupied compared with 79.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melville

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Melville   for Houses in last 12 months


There have been 86 Houses sold in Melville in the past 12 months with a median sale price of $1.2M, up 19.8% annually. It takes on average 9 days to sell with vendor discounting of -5.7%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Menai NSW, 2234 13.22% $1,562,500 $850pw 2.8% View Suburb Profile
Attadale WA, 6156 16.91% $1,730,250 $1,000pw 3.0% View Suburb Profile
Palmyra WA, 6157 27.33% $955,000 $825pw 4.5% View Suburb Profile
Myaree WA, 6154 8.69% $913,500 $775pw 4.4% View Suburb Profile
Bicton WA, 6157 7.29% $1,325,000 $850pw 3.3% View Suburb Profile
Derby WA, 6728 -27.03% $202,500 $420pw 10.8% View Suburb Profile

Currency

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