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Melrose Park, SA 5039

Home » SA Real Estate Data » City of Mitcham, SA » Melrose Park, SA 5039

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Melrose Park, SA 5039 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Melrose Park, SA 5039”

  1. The total adult population (15 years or older) of Melrose Park 5039 SA is 1,875, with a median age of 38. Of those, 45.12% are married, 12.80% are divorced or separated, 35.47% are single and 6.83% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,104. The median monthly mortgage repayment for households in this suburb is $1,900 which is 20.87% of their earnings.

    Source: ABS Census Data (2021)

  2. MELROSE PARK 5039, nestled within SA, serves as home for an estimated total of 1417 households as of Q3 2023. The prevailing typical price for houses within this well-progressed suburb stands at $965,232. Furthermore, the median weekly rent fetches an impressive sum of $497, consequently leading to an indicative yield of 2.68%. Although a slight fall short of the 3% market requirement, the yield still portrays a cashflow-positive image for property investors.

    A commendable IRSAD score of 1015 out of 1217 highlights the healthy socio-economic standing of the suburb, translating into residents having a substantial degree of access to relevant economic resources and higher likelihoods of employment within skilled sectors. With a renter to owner ratio of 25%, the region demonstrates a balanced market between rental and owner-occupied properties, elevating the neighbourhood’s overall appeal while reducing investor competition.

    The preference towards houses is strongly evident, with the units to houses ratio at a mere 11% presenting a low saturation of rental units, ideally suited for long-term tenants. However, one aspect that might strike as challenging is the affordability index, valued at 42 years. This exceeds the preferred span of 31 years, indicating lower affordability levels.

    Nevertheless, the supply metrics rally with favourable values. An impressively low stock on market Percentage, resting at 0.08%, highlights a low supply market situation. At the same time, an inventory level of 0.36 months, significantly less than the 2-month benchmark, signals a fast-absorbing property market. The lower Building Approval Ratio of 0.16% identifies limited upcoming supply, further enhancing potential property investment returns.

    Demand for houses in MELROSE PARK is substantial, exhibited by a minimal average of 27 days on market and an extremely low vacancy rate of 0.28% (combined houses and units). This aligns with the recorded buy search index of 5, which equals the state/city’s average value, indicating a moderate yet consistent demand for properties within the suburb.

    While all these indicators put MELROSE PARK on the radar for property investors, it’s crucial to keep monitoring trends using tools like the RCS (Relative Composite Score) from HtAG Analytics. This analytic tooling condenses over 80 metrics into a single actionable score for easier understanding and efficient decision making.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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