Melrose Park SA 5039

Here you can find what you need to know about Melrose Park, SA, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$591k Median Sale Price (National Average $485k) 234th In SA
10.99% Median Price Change (1 yr) (National Average 4.30%) 213th In SA
$380pw Median Rent (National Average $395) 273rd In SA
3.3% Median Gross Yield (National Average 4.24%) 576th In SA
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Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Melrose Park, SA National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Melrose Park, SA National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Melrose Park, SA National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Melrose Park


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State Auction Clearance Rates - January 2019

Auctions Clearance rate
SA 2 0%
NSW 7 0%
QLD 13 0%
TAS 1 0%
VIC 4 0%

Local Schools


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Suburb Information

Melrose Park, SA 5039

Part of: Mitcham Council No data available

The size of Melrose Park is approximately 1.3 square kilometres. It has 3 parks covering nearly 0.6% of total area. The population of Melrose Park in 2011 was 2,134 people. By 2016 the population was 2,219 showing a population growth of 4.0% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 66.6% of the homes in Melrose Park were owner-occupied compared with 68.2% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melrose Park

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Melrose Park   for Houses in last 12 months


There have been 32 Houses sold in Melrose Park in the past 12 months with a median sale price of $609K, up 13.88% annually. It takes on average 46 days to sell with vendor discounting of -3.85%.

Streets in Melrose Park


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