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Mount Melville, WA 6330

Home » WA Real Estate Data » City of Albany, WA » Mount Melville, WA 6330

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 Mount Melville, WA 6330 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.

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Mount Melville, WA 6330”

  1. The total adult population (15 years or older) of Mount Melville 6330 WA is 866, with a median age of 48. Of those, 42.49% are married, 17.09% are divorced or separated, 35.45% are single and 4.85% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $7,536. The median monthly mortgage repayment for households in this suburb is $1,356 which is 17.99% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Western Australia, the suburb of Mount Melville is home to approximately 759 households. As we cross into Q3 of 2023, the typical price for houses within this suburb sits at a moderate $521,251. Meanwhile, the median weekly rent is calculated at $371, resulting in an indicative yield of 3.7% – an appealing figure for those interested in cashflow-positive property investment.

    Pivoting to social key points, the IRSAD score stands at 973 out of a possible 1,217. This score effectively places Mount Melville significantly above the average when compared to other Australian suburbs, indicating a relatively affluent and professional population. The renter to owner ratio within the suburb is logged at 31%, staying within the desirable bounds for property investors.

    Additionally, Mount Melville showcases a commendably low units to houses ratio of 3%. This low ratio underlines a substantially higher number of houses in relation to units in the market, which can result in less competition among landlords for tenants and potentially better rental yield.

    The affordability of houses is also striking, with the index revealing it would typically take around 27 years to fully own a property in Mount Melville, making it an appealing prospect for potential homeowners in terms of affordability.

    The Suburb’s stock-on-market percentage for houses sits modestly at 0.83%, indicating a healthy supply in real estate market. The inventory level is at a desirable 2.0 months, presenting a balanced market that is absorbing new listings at a relatively steady rate.

    Furthermore, the building approvals Ratio for houses is recorded at a favourable 0.7%, suggesting a low influx of new dwelling supply in the market. This scenario hints at steady property value preservation.

    The average number of days properties in Mount Melville spend on the market is 43 days. Despite being slightly above the ideal timeframe, it still presents a reasonably strong demand for properties in the area.

    This notion is further supported by a notably low vacancy rate of only 0.42%, showing a strong demand for rental properties in the suburb. Lastly, the buy search index for houses rounds up high, landing at 6, indicating a strong interest from potential property buyers.

    In summary, Mount Melville continues to present a compelling proposition for prospective property investors and homebuyers, with balanced supply-demand dynamics, superior socio-economic indicators, and reasonable affordability.

    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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