Melville Property Market And House Prices
Suburb of Hamilton City
Author: Ed McKnight
Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.
Key house price data for Melville, Hamilton City
Key house price data for Melville, Hamilton City
Average House Value
Average Rent
Estimated Yield
Long Term Capital Growth
Ed's Insights
Melville is a suburb in Hamilton City.
5,574 people currently live in Melville. 58.2% of these people rent.
The average house value in Melville is $632,150.
That’s down 6.7% from from 2 years ago.
The median rent in Melville is $500.
Market Insight - Median House Price Trend
Sales Data
Average House Value
Median Days to Sell
Properties listed for sale in the last month
Properties sold in the last 12 months
Insights
The average house value in Melville is $632,150.
On average it takes 32 days to sell a house.
All up 75 properties were sold in Melville over the last year, and 14 properties were listed for sale in the last month.
Rental Data
Median Rent
Rental properties listed last year
Rental properties listed last month
Median days to rent
| Bedrooms | Rent | Change |
|---|---|---|
1 Bedroom | $290/week | 7.4% |
2 Bedrooms | $522/week | 4.5% |
3 Bedrooms | $580/week | 0.9% |
Insights
There is no rental data available for Melville at this time. We are working hard to get this data. We hopefully will have some shortly.
Demographic Info
What do tenants in Melville want?
The most popular number of bedrooms a tenant rents in Melville is 3 bedrooms.
46.2% of tenants in the suburb rent properties with 3 bedrooms.
The most popular number of cars in Melville is 1 car.
43.7% of residents in the suburb own 1 car.