Mount Melville vs Spencer Park
Property investment comparison - Mount Melville, WA 6330 vs Spencer Park, WA 6330
Head-to-head across core investment metrics: Mount Melville wins 1, Spencer Park wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Mount Melville | Spencer Park |
|---|---|---|
| Median house price | $740K | $735K |
| Median unit price | $795K | - |
| Gross rental yield (houses) | 4.10% | 4.50% |
| Gross rental yield (units) | 3.29% | 3.00% |
| 1-year house growth | - | - |
| 3-year house growth | - | +66.9% |
| Vacancy rate | 0.6% | 0.3% |
| Population | 1,007 | 3,445 |
Mount Melville vs Spencer Park: what the numbers say
The median house price is $740K in Mount Melville and $735K in Spencer Park, so Spencer Park is the cheaper entry point, with Mount Melville houses about 1% dearer.
On cash flow, Spencer Park leads: houses there return a gross rental yield of 4.50%, compared with 4.10% in Mount Melville, a gap of 0.40 percentage points.
Rental vacancy is 0.3% in Spencer Park and 0.6% in Mount Melville, so landlords in Spencer Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Spencer Park is the bigger suburb, with a population of 3,445 against 1,007, roughly 3.4 times the size of Mount Melville; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Spencer Park for rental income, Spencer Park for a lower purchase price, Spencer Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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