Melville Property Market Insights

PAUL PARKINSON

Sales Consultant

0400 002 974

[email protected]

KELLY CURRAN

Sales Consultant

0400 009 054

[email protected]

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MEDIAN HOUSE SALE PRICE

$1.21M

SUBURB SALES GROWTH

11.1%

MEDIAN HOUSE RENTAL VALUE

$750pw

QUARTERLY MARKET INSIGHTS

Q4 2024

The Melville property market has been thriving, with strong buyer interest and rapid sales. Homes are selling fast, spending an average of just 13 days on the market—clear evidence of high demand and competitive interest.

The median house price has risen to $1.21 million, reflecting an impressive 11% annual growth, while rental yields remain strong with a steady median weekly rent of $750. This combination of capital appreciation and rental stability makes Melville an attractive option for investors.

With excellent amenities, strong community appeal, and ongoing demand, Melville continues to be a highly sought-after suburb for both homeowners and investors.

The message from the team here at Mint for those contemplating selling or leasing, is that the current conditions present fantastic opportunities to capitalise on your property asset. We have been busy with appraisals and we anticipate 2025 being another busy year here in the West.

Publish Date: 01/01/2025

The details noted above including any figures or statistics given are based on information provided by multiple sources including the Western Australian Land Information Authority, Corelogic, REIWA, domain.com.au and realestate.com.au. The statistics noted include results performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of publication, Mint Real Estate does not warrant or guarantee the accuracy or completeness of the data.