Located in Western Australia within the Melville local government area, Melville is a medium-sized suburb (postcode 6156). It is home to about 6,204 residents, with an established demographic and a median age of 42. Households earn a median income of $114K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Melville has a median house price of $1.6 million, which has jumped by 11.6% year-on-year. Units have a median price of $610,000 (+11.9% YoY). The current median weekly rent is $820. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,325.
Melville is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 25 bus stops.
From an investment perspective, Melville shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are above the state median ($1.6M/$1.0M), placing it in the premium segment. The price-to-income ratio of 13.7x is considered stretched. House prices have moved +11.6% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.