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Investment Property Melville, Waikato

Suburb Snapshot

Melville is a suburb in the Hamilton Region of Waikato. Melville has a population of 5,441 people and 51.23% of its occupants live in rental accommodation. The median listing price for houses is $649,500 and this has changed -5.73% over the past year and changed -7.45% over 2 years.

The median rent in Melville for houses is $550 per week and the median rental yield is 4.40%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 101 days.The median listing price for units is $569,500 and this has changed -4.92% over the past year. The average unit takes 110 days to sell and the median rent for a unit in Melville is $385 per week, producing a rental yield of 3.52%.

Supply & Demand in Melville, Hamilton

142,236

Population


39.64%

Rental population


382,735

Population


34.37%

Rental population


This is information is brought to you by realestateinvestar.co.nz - The online home for property investors

Statistical data for Melville, Hamilton

  House Townhouses Units
Median listing price $649,500 $659,000 $569,500
Median price change - last quarter -4.42% NA 25.86%
Median price change - 1 year -5.73% -4.92% -4.92%
Median price change - 2 years -7.45% NA 7.16%
  House Townhouses Units
Median weekly rent $550 $570 $385
Median yield % 4.40% 4.50% 3.52%
Median rent change - 1 year 5.77% 7.55% 10.00%
  House Units
Average days on market 101 110

Melville investment property listings

Showing 5 of 39 investment properties found in Melville on realestateinvestar.co.nz

7/9 Beatty St, Melville

$689,000

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Spacious and Central Living

The location of this apartment is the draw card here with the Hamilton C.B.D, Waikato Hospital, Local cafes/ restaurants and Lake walks a 5 minute drive away, so there is no need for a car as its all at your fingertips. Having a generous floor plan (139sqm) with its three double bedrooms, ...

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Waikato 3206


4/3 Dowding St, Melville

$599,000

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CONTEMPORARY ELEGANCE & DESIGN

Nestled at the rear of an architecturally designed development of 4 units is 4/3 Dowding Street. Crafted & completed in late 2021, the property boasts a sleek blend of brick & panel cladding, giving it a captivating appearance. Step inside to discover an open plan living space & a ...

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Townhouse

Waikato 3206


4/18 Mahoe St, Melville

$775,000

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MODERN ELEGANCE: SPACIOUS THREE BEDROOM TOWNHOUSE

Welcome to this 3-bedroom townhouse built in 2021 nestled on an elevated site in Mahoe Street, this property offers modern living at its finest. Step into the spacious lounge area, bathed in natural light from its north-facing orientation. A ranch slider opens up to reveal a private ...

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Townhouse

Waikato 3206


35A Collins Rd, Melville

$499,000

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A Flying Start

Nestled down a drive, this 2-bedroom home is a fantastic prospect for first home buyers, downsizers or investment option. Boasting ample potential for future enhancements, its prime location near Glenview Shopping Centre, Waikato Hospital, and Hamilton Airport ensures convenience and ...

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House

Waikato 3206


38 Corrin St, Melville

$649,000

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Hospital Location, Great Buying

Step into this cozy two bedroom home that's full of character and charm. With sunny vibes and a welcoming feel, you'll love it from the moment you walk in. Adorned with ornate cornices & ceiling finishes and original timber floors, this residence boasts a distinctive character that invites ...

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House

Waikato 3206


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