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Meelon, WA 6208
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,120,000
Median Unit
$735,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth
-
Investment snapshot for Meelon
Meelon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Meelon market and investor summary
Meelon (WA 6208) runs a median house price of $1.1M, with houses yielding a gross 3.0%. At 2.1% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Meelon: people, income and schools
About 174 people live in Meelon, and the area has been growing steadily, up about 18% over five years. The median age is 46, skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $70,000 a year, or roughly $1,340 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 16.0 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 34% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 174
- +18% over 5yr
- Median age
- 46 years
- Median household income
- $70,000/yr
- Households renting
- 9%
- Family households
- 74%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 3.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Meelon
View all →Frequently asked questions about Meelon
What should I check before investing in Meelon?
Meelon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Houses sell quickly (14 days on market), which points to strong sales liquidity. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Meelon?
The median property price in Meelon, WA 6208 is $1.1M for houses.
What rental yield does Meelon show?
The gross rental yield in Meelon is 3.0% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Meelon?
The current vacancy rate in Meelon is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Meelon?
Meelon has a population of approximately 174 residents, with a median age of 46.
Is Meelon affordable to buy in?
A median house in Meelon costs about 16.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Meelon's population growing?
The population of Meelon has grown about 18% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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