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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 $659,000 and this has changed 1.54% over the past year and changed -5.81% over 2 years.

The median rent in Melville for houses is $575 per week and the median rental yield is 4.54%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 89 days.The median listing price for units is $649,000 and this has changed 10.19% over the past year. The average unit takes 130 days to sell and the median rent for a unit in Melville is $420 per week, producing a rental yield of 3.37%.

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 $659,000 NA $649,000
Median price change - last quarter -0.08% NA 0.00%
Median price change - 1 year 1.54% 10.19% 10.19%
Median price change - 2 years -5.81% NA -1.67%
  House Townhouses Units
Median weekly rent $575 $590 $420
Median yield % 4.54% NA 3.37%
Median rent change - 1 year 4.55% 3.51% 7.69%
  House Units
Average days on market 89 130

Melville investment property listings

Showing 5 of 56 investment properties found in Melville on realestateinvestar.co.nz

1D Beatty St, Melville

$490,000

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Tranquil rear unit with private deck

Charming 2-Bedroom Rear Unit – Ideal for First Home Buyers or Savvy Investors! Nestled privately at the rear of the property, this well-maintained 2-bedroom unit offers comfortable living in a prime location. Enjoy peace and quiet with your own private deck—perfect for relaxing or ...

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Waikato 3206


98 Mahoe St, Melville

$799,000

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Renovated Brick Beauty with Views

Exceptional Opportunity – Beautifully Renovated Home & Development Potential. Welcome to 98 Mahoe Street, an impeccably renovated home situated on an expansive 1006 m² section. Positioned strategically near Waikato Hospital, Hamilton CBD, and the renowned Hamilton Gardens, this property combines ...

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House

Waikato 3206


5 Bremridge Pl, Melville

$639,000

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Deceased Estate

A bursting with potential, tucked away in a quiet cul-de-sac just minutes from Waikato Hospital, main roads, schools, and key amenities. This is a deceased estate, and the family needs it sold - they have other commitments. Set on a 630sqm (approx.) freehold section, this is a fantastic ...

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House

Waikato 3206


35 Purcell Pl, Melville

$649,000

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Nest or Invest In Purcell

Purchase 35 Purcell Place and add your own personal touches to make it a dream first home or investment. This 3 bedroom, 1 bathroom property is ready for you to do up, invest or simply move in as-is. Equipped with a heat pump & insulated all around the home makes it healthy homes compliant. The ...

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House

Waikato 3206


79 Pine Ave, Melville

$419,000

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Affordable AND 6% + Rental Return

Calling all investors, retirees, or first home buyers alike! This 2 bedroom, 1 bathroom property offers an affordable step onto the property ladder, as well as 6% + rental returns for those looking to build a savvy investment portfolio. Equipped with a recently upgraded bathroom, a heat ...

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House

Waikato 3206


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