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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 $649,000 and this has changed -1.67% over the past year and changed -10.69% over 2 years.

The median rent in Melville for houses is $570 per week and the median rental yield is 4.57%. Stock on the market for houses/townhouses has changed NA compared to last year and the average time to sell a house/townhouse is 98 days.The median listing price for units is $589,000 and this has changed 30.17% over the past year. The average unit takes 162 days to sell and the median rent for a unit in Melville is $385 per week, producing a rental yield of 3.40%.

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 $649,000 NA $589,000
Median price change - last quarter -0.77% -6.37% 6.94%
Median price change - 1 year -1.67% 30.17% 30.17%
Median price change - 2 years -10.69% NA -21.85%
  House Townhouses Units
Median weekly rent $570 $590 $385
Median yield % 4.57% NA 3.40%
Median rent change - 1 year 9.62% 7.27% 10.00%
  House Units
Average days on market 98 162

Melville investment property listings

Showing 5 of 43 investment properties found in Melville on realestateinvestar.co.nz

13 Naismith St, Chartwell

$950,000

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Luxurious High-Spec Modern Living

Step into luxury with this modern single level home completed in 2020, offering premium living in a prime location. Interior design by Turton & Oliver, combining high-spec design and appliances with impeccable interior and exterior aesthetics. Comprising of three bedrooms and 2.5 bathrooms, the ...

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Waikato 3283


1146b Heaphy Tce, Fairfield

$499,000

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Perfect for First-Time Buyers or Investors!

This cozy brick property is perfect for first-time buyers or investors. Inside, you'll find 2 double bedrooms with built-in wardrobes, one bathroom, a functional kitchen, separate laundry, plus a spacious open-plan dining and lounge area with cozy gas fireplace. There's ample storage for added ...

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House

Waikato 3214


190 Cambridge Rd, Hillcrest

$780,000

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SUPER CONVENIENT LOCATION

Superbly located, this solidly constructed 3-bedroom weather board home is positioned on a 593 sqm section. It's in close proximity to the Waikato University, local shops, sought after schools and the expressway. It has easy access to main arterials, making this an incredibly convenient ...

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Waikato 3216


28B Churchill Ave, Maeroa

$611,000

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HIDDEN OASIS JUST 5 MINS FROM HAMILTON CBD

Discover this hidden gem, perfectly nestled away from the road and backing directly onto the serene Beetham Park. Imagine starting your day with tranquil gully views from your own backyard, offering a rare and peaceful connection to nature. Despite its retreat-like setting, you?re just minutes ...

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House

Waikato 3200


2/44 Lorne St, Melville

$0

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EXCELLENT LOCATION WITH GREAT RETURNS

If you're looking to extend your rental portfolio, then this property is well worth your inspection.Centrally located and directly opposite the Waikato Hospital, there is strong demand for quality rentals in this locality.This apartment comprises of 4 self contained, fully furnished studio rooms, ...

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Unit

Waikato 3206


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