MEDIAN HOUSE SALE PRICE
$1.3M
SUBURB SALES GROWTH
19.8%
MEDIAN HOUSE RENTAL VALUE
$800pw
QUARTERLY MARKET INSIGHTS
Q1 2025
In the first quarter of 2025, Melville's property market demonstrated robust performance. The median house price reached $1,300,000, reflecting a 19.8% increase over the past 12 months. Properties sold swiftly, with a median time on market of just 8 days, indicating strong buyer demand. Rental yields remained attractive at 3.51%, with median weekly rents at $800.
These indicators suggest a thriving market, offering promising opportunities for both buyers 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: 01/04/2025
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.
