Melonba is a small community in New South Wales within the Blacktown local government area (postcode 2765). With a population of 1,439, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $149K per year, with an average household size of 3.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Filipino, Australian.
The median house price in Melonba is $1.3 million, having surged 12.6% over the past year. Units have a median price of $655,000 (-40.5% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,835.
Melonba is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1086, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Blacktown LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Melonba offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +12.6% year-on-year.
Melonba is a small community in New South Wales within the Blacktown local government area (postcode 2765). With a population of 1,439, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $149K per year, with an average household size of 3.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Filipino, Australian.
The median house price in Melonba is $1.3 million, having surged 12.6% over the past year. Units have a median price of $655,000 (-40.5% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,835.
Melonba is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1086, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Blacktown LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Melonba offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +12.6% year-on-year.