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Melwood, VIC 3875
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$260,000
Median Unit
$315,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Melwood
Melwood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Investment score breakdown
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Melwood market and investor summary
Melwood (VIC 3875) runs a median house price of $260K. At 6.5% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 6.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Melwood: people, income and schools
Melwood has a resident population of roughly 17, a number that has held fairly steady over five years. The median age is 48, skewed a little older, and families account for 68% of households.
On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 17
- +3% over 5yr
- Median age
- 48 years
- Households renting
- 23%
- Family households
- 68%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 5.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Melwood
No properties currently listed in Melwood
Search Melwood listings →Frequently asked questions about Melwood
What should I check before investing in Melwood?
Melwood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Melwood?
The median property price in Melwood, VIC 3875 is $260K for houses.
How tight is the rental market in Melwood?
The current vacancy rate in Melwood is 6.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Melwood?
Melwood has a population of approximately 17 residents, with a median age of 48.
Is Melwood's population growing?
The population of Melwood has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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