City of MelvilleEconomic profile
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City of Melville

Housing prices

At June 2018, the median house valuation in the City of Melville was $302,556 higher compared to Western Australia.

This indicator shows the value of houses and units in the City of Melville and wider region during the period 2014-2018. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses Western Australia: $537,452 Western Australia: $534,155 Western Australia: $501,845 Western Australia: $480,874 Western Australia: $465,312 Greater Perth: $570,796 Greater Perth: $573,329 Greater Perth: $536,845 Greater Perth: $517,740 Greater Perth: $502,419 City of Melville: $817,258 City of Melville: $831,345 City of Melville: $775,322 City of Melville: $756,490 City of Melville: $767,868
Source: Hometrack 2014-2018, Housing Valuation System
Value of units
Value of units Western Australia: $427,041 Western Australia: $422,375 Western Australia: $393,233 Western Australia: $368,014 Western Australia: $352,615 Greater Perth: $438,230 Greater Perth: $431,343 Greater Perth: $407,830 Greater Perth: $380,656 Greater Perth: $364,574 City of Melville: $512,296 City of Melville: $493,457 City of Melville: $473,548 City of Melville: $461,001 City of Melville: $432,689
Source: Hometrack 2014-2018, Housing Valuation System
Median housing value
HousesUnits
Year (at June)City of MelvilleGreater PerthWestern AustraliaCity of MelvilleGreater PerthWestern Australia
2018$767,868$502,419$465,312$432,689$364,574$352,615
2017$756,490$517,740$480,874$461,001$380,656$368,014
2016$775,322$536,845$501,845$473,548$407,830$393,233
2015$831,345$573,329$534,155$493,457$431,343$422,375
2014$817,258$570,796$537,452$512,296$438,230$427,041

Source: Hometrack 2014-2018, Housing Valuation System.

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