Question 1

Is Melonba a nice place to live?

Accepted Answer

Melonba is a recently established suburb on Sydney’s north-west fringe within the Marsden Park growth area. Streets are dominated by modern detached homes and townhouse pockets, and small parks and playgrounds shape a family-oriented suburban rhythm. The population is 1,439 with a median age of 31, and couple families with children make up 66.0% of local families. Most homes are owner-occupied, with 91.5% owned and 8.5% rented.

Everyday life centres on new and nearby amenities. The Melonba Education Campus brings the local public primary and high schools together in permanent facilities, several bus routes on Kaluta Avenue link to nearby train and Metro services, and Blacktown City Council is constructing Reserve 1004 and has scheduled raised wombat crossings on Abell Road. That mix suits people seeking contemporary housing and convenient access to the retail and transport nodes of surrounding suburbs; whether it fits you depends on what you need from a suburb.

Question 2

Is it expensive to live in Melonba?

Accepted Answer

Buying in Melonba looks stretched against local incomes. The current median house price of $1,270,000 is about 8.5 times a typical local annual household income at the last Census, which places buying well above what people locally earned.

Renting a house, at $880 a week, would take about 31% of a typical local household's weekly income at the last Census, a sizeable share of income. On these figures, renting is less stretched than buying, but whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Melonba a good place to invest?

Accepted Answer

House values in Melonba edged up 1.6% over the past 12 months. House rents rose a modest 2.9% over the same period, so rental income growth outpaced capital growth this year. Whether that balance suits your investment goals and timeframe is for you to weigh.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.27M	N/A
Change in value Past 12 months	1.6%	N/A
Sold Past 3 months	38	N/A
Median days on market Past 12 months	52	N/A
Average rent Past 12 months	$880	N/A
Change in rent Past 12 months	2.9%	N/A

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