Thinking about buying in Melville? Now could not be a better time, with just 33 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,356,000 with prices in this suburb ranging from $512,000 to $2,266,000. The aproximate distance to the coast is 28 Km.
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Median Monthly Mortgage | $ |
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Average Income | $ |
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Average Properties Within 50M |
Consistent high demand relative to supply is a key feature in Melville driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Melville ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Melville provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Melville requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
unit 10, 370 marmion st, melville, wa, 6156 | 2 | 1 | 1 | 380000 | |
13a potts st, melville, wa, 6156 | 4 | 2 | 2 | 1.15 Million |
None within suburb boundary
(While the above schools are located with the suburb of Melville there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.6 | 17.5 | 32.2 | 28.4 | 76.5 | 5.5 | 28.9 |
Feb | 0.7 | 17.8 | 32.2 | 31.1 | 78.3 | 5.2 | 25.4 |
Mar | 0.6 | 16.3 | 30.1 | 33.2 | 81.4 | 4.7 | 20.6 |
Apr | 1.1 | 12.9 | 26.2 | 39.0 | 89.3 | 3.7 | 15.2 |
May | 3.1 | 9.1 | 22 | 43.2 | 93.5 | 3.5 | 12.0 |
Jun | 4.2 | 8.3 | 19.6 | 47.4 | 95.0 | 3.8 | 10.2 |
Jul | 5.6 | 8.2 | 18.4 | 49.3 | 96.8 | 3.9 | 10.2 |
Aug | 4.3 | 7.4 | 18.6 | 50.1 | 97.1 | 4.0 | 12.8 |
Sept | 3.0 | 8.7 | 20.4 | 47.2 | 95.4 | 4.4 | 17.6 |
Oct | 1.2 | 10.6 | 23.5 | 39.8 | 90.0 | 4.6 | 23.4 |
Nov | 0.8 | 13.2 | 27.0 | 33.1 | 86.2 | 5.0 | 27.5 |
Dec | 0.3 | 15.2 | 30.2 | 28.6 | 81.2 | 5.1 | 30.9 |
source: Australian Government Bureau of Meteorology
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