Melville is displaying strong investment fundamentals as of May 2026. With a vacancy rate of just 0.3%, rental properties in Melville are being absorbed rapidly by tenants — a clear signal of demand significantly exceeding supply. Days on market currently sit at 16 days, indicating buyers are competing actively for available stock.
Property values have grown 18.4% over the past 12 months, reflecting genuine market momentum and strong buyer competition. Rental yields of 6.6% provide solid income returns above the national average of approximately 4.5%. Building approvals in the area have declined 0.4% over the past 12 months, limiting future supply and supporting property values.
PropTime's composite model weighs these and 12 additional indicators to produce the 90/100 score — placing Melville among the top-performing suburbs nationally.
Melville presents a balanced profile with reasonable indicators across both growth and income metrics.
Based on PropTime's analysis of 15 demand and supply indicators, Melville scores 90/100 — a Strong Buy signal. Key indicators include a 0.3% vacancy rate, 6.6% rental yield, and 18.4% price growth over the past 12 months. Create a free PropTime account to see the complete 15-factor breakdown and cashflow calculator pre-filled with Melville data.
The current vacancy rate in Melville is 0.3%. This is below 1%, indicating very tight rental demand. Properties are being leased quickly and tenants are competing for available rentals.
The gross rental yield in Melville is 6.6%. The Australian national average is approximately 4.5%, so Melville is above average — a positive sign for cashflow investors. Use PropTime's free cashflow calculator to model the full weekly cashflow for Melville.
PropTime's composite model scores Melville at 90/100 as of May 2026. Strong price growth of 18.4% over the past 12 months suggests positive momentum. Create a free PropTime account to access the full 15-factor analysis for Melville.
Melville scores 90/100 on PropTime. Similar suburbs by score include Bunbury, Mandurah, Bunbury South, all within the same WA market.