FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
Melville, just 10km from the Perth CBD, presents a compelling workhorse investment marked by critically low supply and a 0.7% vacancy rate, driving strong tenant demand and $1050 weekly rents. This structural undersupply supports both reliable income generation and impressive 12% capital growth achieved over the last twelve months. The market has started re-rating this location — 12-month growth of +12.0% puts it ahead of the broader Western Australia median. Constrained supply means downward price pressure is structurally limited.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →Melville scores 6.8/10 on the FairSquare model. Melville, just 10km from the Perth CBD, presents a compelling workhorse investment marked by critically low supply and a 0.7% vacancy rate, driving strong tenant demand and $1050 weekly rents. This structural undersupply supports both reliable income generation and impressive 12% capital growth achieved over the last twelve months.
The median house price in Melville, WA is $1.62M. Weekly rent of $1050 against a 3.4% gross yield underpins this figure.
Melville has a gross rental yield of 3.4%, with a median weekly rent of $1050. 12-month price growth is tracking at +12.0%.
Based on its market signals, Melville aligns with: Growth Play, Defensive Hold.