Melrose Park, SA 5039

Melrose Park, SA 5039

Compare Part of Mitcham

7.41 km
Distance from CBD
9 k
Population
Median Sale Price
House
-
Updated on Sep 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Sep 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$437,500
 0.0% $336,000 $683,500 30
2010
$444,000
 +1.5% $380,000 $590,000 28
2011
$445,000
 +0.2% $205,000 $664,000 23
2012
$450,000
 +1.1% $125,000 $615,000 34
2013
$447,000
 -0.7% $68,000 $620,000 56
2014
$485,000
 +7.8% $327,000 $640,000 17
2015
$500,000
 +3.0% $425,000 $740,000 40
2016
$512,000
 +2.3% $400,000 $640,000 26
2017
$574,500
 +10.9% $400,000 $755,000 32
2018
$590,000
 +2.6% $475,000 $805,000 25
2019
$608,000
 +3.0% $300,000 $780,000 27
2020
$595,000
 -2.2% $470,000 $720,505 18
2021
$875,000
 +32.0% $360,000 $1,320,000 39
2022
$880,000
 +0.6% $782,000 $1,770,000 29
2023
$855,000
 -2.9% $515,000 $1,150,000 23
2024
$1,000,000
 +14.5% $580,000 $1,290,000 22
Median Sale Price
$995K
Based on 23 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+15.3%
Current Median Price: $995,000
Previous Median Price: $842,600
Based on 49 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Sep 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$350
 0.0% $300 $490 21
2012
$380
 +7.9% $285 $475 24
2013
$370
 -2.7% $300 $550 25
2014
$420
 +11.9% $320 $495 12
2015
$390
 -7.7% $285 $540 34
2016
$380
 -2.6% $260 $485 34
2017
$390
 +2.6% $285 $600 32
2018
$420
 +7.1% $250 $700 21
2019
$410
 -2.4% $340 $670 22
2020
$475
 +13.7% $300 $610 22
2021
$455
 -4.4% $360 $820 25
2022
$490
 +7.1% $420 $700 21
2023
$590
 +16.9% $395 $800 12
2024
$590
 0.0% $320 $1,000 14
Median Rent Price
$580
per week
Based on 16 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+5.2%
Current Median Rent: $580
Previous Median Rent: $550
Based on 31 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $995,000
Current Median rent: $580
Based on 39 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)

Auction Results For Melrose Park

Houses sold in Last 12 months ends 16 Nov 2024

$1.02M

Median Sale Price

75%

Clearance Rate

6/8

Sold/Reported

$1.1M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1 M - $1.2 M
(Median Price Range)		 2
$800 K - $1 M 1

Schools closest to Melrose Park, SA 5039

School name Address Type Sector Distance
Edwardstown Primary School MARIA STREETMelrose Park 5039 Primary Government 0.65 km
St Anthony's School CASTLE STEdwardstown 5039 Primary Catholic 1.55 km
Forbes Primary School THOMAS STREETSouth Plympton 5038 Primary Government 1.59 km
Clovelly Park Primary School RENOWN PLACEClovelly Park 5042 Primary Government 1.91 km
St Bernadette's School 54 RAGLESS STSt Marys 5042 Primary Catholic 2.15 km
Cabra Dominican CollegeTop 100 225 CROSS RDCumberland Park 5041 Combined Catholic 2.06 km
Pasadena High School DAWS ROADPasadena 5042 Combined Government 1.93 km
Emmaus Christian College IncorporatedTop 20 7 LYNTON AVESouth Plympton 5038 Combined Independent 1.99 km
Ascot Park Primary School PILDAPPA AVENUEPark Holme 5043 Primary Government 1.91 km
SA School for Vision Impaired DUNCAN AVENUEPark Holme 5043 Combined Government 1.91 km