Thinking about buying in Melrose Park? Now could not be a better time, with 1636 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $903,000 with prices in this suburb ranging from $328,000 to $2,423,000. Melrose Park is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $327.50 |
Median Monthly Mortgage | $1729.50 |
Median Persons Per Bedroom | 0.85 |
Average Household Size | 2.50 |
Average Age | 34.50 |
Average Income | $774.50 |
Average Cars Per Dwelling | 1.63 |
Average Properties Within 50M | 15 |
2 Bed  $676,000 |
3 Bed  $1,009,000 |
4 Bed  $1,158,000 |
5 Bed  $1,423,000 |
6 Bed+$1,705,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Melrose Park due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Melrose Park classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Melrose Park necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
UNIT 107, 2C WHARF RD, MELROSE PARK, NSW, 2114 | 1 | 1 | 1 | 550000 | |
UNIT 203, 2C WHARF RD, MELROSE PARK, NSW, 2114 | 2 | 2 | 1 | 750000 |
Edwardstown Primary School
Springbank Secondary College
St Therese Primary School
St Anthony's School
Clovelly Park Primary School
Colonel Light Gardens Primary School
St Bernadette's School
Cabra Dominican College
Westbourne Park Primary School
Hamilton Secondary College
(While the above schools are located with the suburb of Melrose Park there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.5 | 20.3 | 27.6 | 52.4 | 85.5 | 0 | 23.2 |
Feb | 4.3 | 20.1 | 27.0 | 54.2 | 86.5 | 0 | 19.6 |
Mar | 6.5 | 18.9 | 25.9 | 54.5 | 87.3 | 0 | 15.9 |
Apr | 5.9 | 15.3 | 23.5 | 51.4 | 89.0 | 0 | 13.9 |
May | 2.6 | 12.3 | 21.2 | 47.5 | 84.4 | 0 | 11.4 |
Jun | 4.6 | 10.3 | 18.5 | 50.3 | 85.4 | 0 | 9.1 |
Jul | 2.6 | 9.0 | 18.2 | 43.7 | 82.1 | 0 | 10.4 |
Aug | 2.6 | 9.7 | 19.7 | 39.4 | 80.2 | 0 | 13.1 |
Sept | 1.4 | 12.5 | 22.4 | 37.0 | 80.2 | 0 | 17.8 |
Oct | 2.2 | 15.0 | 23.7 | 42.7 | 82.8 | 0 | 21.1 |
Nov | 3.4 | 17.1 | 25.3 | 49.2 | 85.2 | 0 | 23.4 |
Dec | 2.1 | 18.7 | 26.4 | 49.2 | 84.8 | 0 | 24.4 |
source: Australian Government Bureau of Meteorology
04-11-2024 | $1,900,000 | 119 WHARF RD |
22-08-2024 | $2,600,000 | 35 WHARF RD |
08-08-2024 | $2,300,000 | 80 COBHAM AVE |
06-08-2024 | $2,400,000 | 159 WHARF RD |
24-07-2024 | $3,300,000 | 47 LANCASTER AVE |
12-07-2024 | $2,615,000 | 28 JAMES ST |
17-06-2024 | $1,800,000 | 4 TAYLOR AVE |
29-05-2024 | $410,000 | 83 COBHAM AVE |
20-05-2024 | $2,420,000 | 10 LANCASTER AVE |
03-05-2024 | $200,000 | 8 COBHAM AVE |
02-02-2024 | $3,991,000 | 150 LANCASTER AVE |
21-12-2023 | $2,000,000 | 138 LANCASTER AVE |
21-12-2023 | $2,035,000 | 109 COBHAM AVE |
19-12-2023 | $1,650,000 | 27 WHARF RD |
06-12-2023 | $2,880,000 | 7 COBHAM AVE |
22-11-2023 | $2,940,000 | 27 COBHAM AVE |
14-11-2023 | $2,268,000 | 7 TAYLOR AVE |
06-11-2023 | $2,230,000 | 137 COBHAM AVE |
01-11-2023 | $2,040,000 | 123 LANCASTER AVE |
03-10-2023 | $2,450,000 | 4 JOHNSON AVE |
25-09-2023 | $2,150,000 | 8 ANDREW ST |
23-06-2023 | $172,365,434 | 1218 VICTORIA RD |
23-06-2023 | $36,259,778 | 82 WHARF RD |
23-06-2023 | $172,365,434 | 1218 VICTORIA RD |
23-06-2023 | $36,259,778 | 82 WHARF RD |
02-06-2023 | $2,000,000 | 74 COBHAM AVE |
04-05-2023 | $2,660,000 | 8 COBHAM AVE |
17-03-2023 | $2,200,000 | 95 WHARF RD |
16-03-2023 | $2,350,000 | 65 LANCASTER AVE |
06-03-2023 | $1,700,000 | 126 COBHAM AVE |
23-01-2023 | $1,736,000 | 153 WHARF RD |
11-01-2023 | $2,925,000 | 67 LANCASTER AVE |
20-12-2022 | $2,107,000 | 136 LANCASTER AVE |
16-12-2022 | $1,600,000 | 155 WHARF RD |
31-10-2022 | $2,000,000 | 6 JAMES ST |
21-10-2022 | $5,000,000 | 1206 VICTORIA RD |
11-10-2022 | $1,770,000 | 33 WHARF RD |
28-09-2022 | $2,905,000 | 9 JOHNSON AVE |
06-09-2022 | $1,750,000 | 111 WHARF RD |
02-09-2022 | $2,390,000 | 20 JAMES ST |
30-08-2022 | $1,725,000 | 17 MACINTOSH ST |
28-07-2022 | $1,758,888 | 71 WHARF RD |
11-07-2022 | $2,350,000 | 13 MACINTOSH ST |
31-05-2022 | $2,610,000 | 18 MACINTOSH ST |
06-05-2022 | $1,335,000 | 31 COBHAM AVE |
31-03-2022 | $3,790,000 | 154 LANCASTER AVE |
18-03-2022 | $2,250,000 | 19 CROWLEY CRES |
09-03-2022 | $1,515,000 | 1 / 39 WHARF RD |
17-02-2022 | $700,000 | 39 COBHAM AVE |
24-01-2022 | $1,840,000 | 107 COBHAM AVE |
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