Auction Times
Sat 25 May | Auction Time | Agency | |
|---|---|---|---|
 | 72 Lancaster Avenue 2 1 5 House | 9:30 AM Sat 25th May | Award Group Real Estate |
Median Sale Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $750,000 | 0.0% | $300,000 | $1,210,000 | 28 |
| 2010 | $850,000 | +11.8% | $656,000 | $1,000,000 | 13 |
| 2011 | $808,000 | -5.2% | $485,000 | $1,050,000 | 23 |
| 2012 | $830,000 | +2.7% | $342,500 | $1,275,000 | 24 |
| 2013 | $953,000 | +12.9% | $602,250 | $4,000,000 | 31 |
| 2014 | $1,120,000 | +14.9% | $935,000 | $1,630,000 | 13 |
| 2015 | $1,450,000 | +22.8% | $1,205,000 | $2,390,000 | 11 |
| 2016 | $1,400,000 | -3.6% | $1,185,000 | $2,620,000 | 18 |
| 2017 | $1,530,000 | +8.5% | $1,025,000 | $2,840,000 | 17 |
| 2018 | $1,510,000 | -1.3% | $1,300,000 | $2,165,000 | 11 |
| 2019 | $1,450,000 | -4.1% | $895,000 | $2,400,000 | 7 |
| 2020 | $1,500,000 | +3.3% | $1,260,000 | $1,750,000 | 9 |
| 2021 | $1,900,000 | +21.1% | $1,519,000 | $3,790,000 | 21 |
| 2022 | $2,000,000 | +5.0% | $1,600,000 | $2,925,000 | 14 |
| 2023 | $2,200,000 | +9.1% | $1,650,000 | $2,880,000 | 16 |
| 2024 | $2,420,000 | +9.1% | $1,800,000 | $2,420,000 | 6 |
Median Sale Price
$2.32M
Based on 18 recorded sales within the last 12 months
Updated on 21 May 2024
Suburb Growth
+13.8%
Current Median Price: $2,320,000
Previous Median Price: $2,000,000
Based on 33 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2024)
Price Range Segments (12 months ending Apr 2024)
Median Weekly Rent Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $590 | 0.0% | $380 | $720 | 14 |
| 2012 | $530 | -11.3% | $300 | $600 | 7 |
| 2013 | $600 | +11.7% | $530 | $780 | 8 |
| 2014 | $690 | +13.0% | $470 | $690 | 2 |
| 2015 | $680 | -1.5% | $430 | $1,000 | 13 |
| 2016 | $700 | +2.9% | $510 | $950 | 10 |
| 2017 | $680 | -2.9% | $450 | $1,050 | 17 |
| 2018 | $700 | +2.9% | $490 | $950 | 17 |
| 2019 | $720 | +2.8% | $410 | $1,000 | 14 |
| 2020 | $585 | -23.1% | $260 | $900 | 15 |
| 2021 | $600 | +2.5% | $350 | $1,100 | 15 |
| 2022 | $790 | +24.1% | $510 | $1,050 | 7 |
| 2023 | $825 | +4.2% | $480 | $1,200 | 13 |
| 2024 | $740 | -11.5% | $510 | $1,200 | 7 |
Median Rent Price
$850
per week
Based on 13 recorded rent within the last 12 months
Updated on 21 May 2024
Rent Price Growth
+7.1%
Current Median Rent: $850
Previous Median Rent: $790
Based on 26 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+1.9%
Current Median Price: $2,320,000
Current Median rent: $850
Based on 31 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2024)
Auction Results For Melrose Park
Houses sold in Last 12 months ends 18 May 2024
$2.62M
Median Sale Price
63%
Clearance Rate
5/8
Sold/Reported
$2.94M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M (Median Price Range) | 4 | |
Similar Suburbs to Melrose Park 2114
Based on median house sale price sold in last 12 months
Schools closest to Melrose Park, NSW 2114
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| West Ryde Public SchoolTop 50 | ENDEAVOUR STWest Ryde 2114 | Primary | Government | 1.25 km |
| Ermington Public School | WINBOURNE STWest Ryde 2114 | Primary | Government | 1.36 km |
| Melrose Park Public School | WHARF RDWest Ryde 2114 | Primary | Government | 1.48 km |
| Marsden High School | WINBOURNE STWest Ryde 2114 | Secondary | Government | 1.52 km |
| St Michael's Catholic Primary School | MAXIN STREETMeadowbank 2114 | Primary | Catholic | 1.39 km |
| Italian Bilingual School | 30-32 SEE STREETLEICHHARDT 2040 | Primary | Independent | 1.58 km |
| Rydalmere East Public School | SPURWAY STErmington 2115 | Primary | Government | 1.6 km |
| Ermington West Public School | VIGNES STErmington 2115 | Primary | Government | 2 km |
| St Therese's Catholic Primary School | 448 BLAXLAND ROADDenistone 2114 | Primary | Catholic | 2.69 km |