Melrose Park is a smaller suburb in New South Wales within the Ryde local government area (postcode 2114). With a population of 2,059, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $113K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.

The median house price in Melrose Park is $2.4 million, having grown strongly 6.1% over the past year. Units have a median price of $820,000 (+2.5% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,600.

Public transport access includes 9 ferry wharfves, 12 bus stops. The crime rate in the Ryde LGA is below average at 2,038 incidents per 100,000 population.

From an investment perspective, Melrose Park offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.2x is considered stretched. House prices have moved +6.1% year-on-year.