In Mount Melville there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Mount Melville are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Mount Melville changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Mount Melville requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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.
|172 SERPENTINE RD, MOUNT MELVILLE, WA, 6330||4||2||2|
|11 MELROSE ST, MOUNT MELVILLE, WA, 6330||4||2||2||$725,000|
|182 SERPENTINE RD, MOUNT MELVILLE, WA, 6330||5||3||3||From $850,000|
|248 SERPENTINE RD, MOUNT MELVILLE, WA, 6330||$450,000 -$520,000|
|30 LION ST, MOUNT MELVILLE, WA, 6330||3||1||Offers Above $355,000|
None within suburb boundary(While the above schools are located with the suburb of Mount Melville there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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