City of Melville - Metropolitan Perth, WA
The Melville LGA has emerged as one of the leaders of Perth’s market fightback and now has several suburbs with growing sales activity.
Mount Pleasant has recorded a 26% increase in its median house price in the last 12 months while a more modest increases of 5% have been recorded in Ardross and Bull Creek. These rises are against the general trend in the Perth market at present.
Suburbs in the City of Melville straddle the inner-city and middle-ring areas of Perth. They benefit from being close to the major east-west transport corridor linking the Perth Airport to the Port of Fremantle. They also have good access to the Perth CBD.
Two suburbs within the Melville LGA are marked as major economic growth centres, while Murdoch, a precinct within the City of Melville, is already renowned as a major health and education hub based around Murdoch University. Further development is expected in this region.
The strong level of infrastructure spending targeted on the Melville precinct suggests this market is well-placed to return to growth as Perth enters the recovery phase.
This report covers Applecross, Ardross, Attadale, Bicton, Booragoon, Bull Creek, Kardinya, Leeming, Melville, Mount Pleasant, Palmyra and Willagee.