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Melrose Park suburb profile

Melrose Park is a small riverside suburb in the City of Ryde, sitting on the northern banks of the Parramatta River and framed by foreshore parkland. It has a quietly residential character, with a mix of older single-storey homes and newer low-rise apartments, and several streets that lead down to riverside walking paths and picnic spots. The area attracts families and professionals who want a calmer, suburban feel while still being close to the shopping and transport options of neighbouring Meadowbank and Ryde. Overall it offers a relaxed riverfront lifestyle with established local amenities nearby.

Melrose Park property market performance

Current median dwelling price$1,382,500Past 3 months

Property growth+0.8%Past 12 months

Houses don't come up for sale often in the suburb, so there isn't enough recent data to publish a reliable median house price. The median unit price is $815,000, marginally up 1.6% over the last 12 months.

Over the last three months 1 house and 13 units sold. Units sold in a median of 42 days over the last 12 months.

The rental market in Melrose Park saw house rents rise a solid 9.7% to $850 a week and unit rents rise a solid 6.4% to $750 a week over the last 12 months, so house rents grew more strongly.

HousesUnits
Median price
Past 3 months
N/A$815K
Change in value
Past 12 months
0.0%1.6%
Sold
Past 3 months
113
Median days on market
Past 12 months
N/A42
Average rent
Past 12 months
$850$750
Change in rent
Past 12 months
9.7%6.4%

5 year median price trend for houses and units

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Melrose Park demographics

Melrose Park is a community of 2,059 people with a median age of 37. The typical household income is $2,182 a week, about $113,464 a year.

Families make up the bulk of households: couple families with children are the largest group at 52.5% (307 families), and together with couple families without children (35.0%, 205 families) they represent 87.5% of families. One-parent families account for 10.4% (61 families) and other families 2.1% (12 families).

Homes in Melrose Park are mostly owner-occupied, roughly three in four at 73.0% overall — 42.1% are owned with a mortgage and 30.9% are owned outright; renters make up 27.0% of dwellings.

Suburbs near Melrose Park

Some popular suburbs near Melrose Park include:

  • Wentworth Point: Waterside, apartment-heavy precinct beside the Parramatta River and new amenities.
  • Ermington: Established riverside suburb with a mix of housing and parkland.
  • Meadowbank: Riverside area known for mixed residential developments and riverfront walkways.
  • West Ryde: Leafy, family-friendly suburb with established homes and a small shopping village.
  • Denistone West: Quiet, tree-lined neighbourhood with larger blocks and a suburban feel.

How does Melrose Park compare to nearby suburbs?

  • Median house prices: Melrose Park’s median house price is 19.4% higher than Ermington’s.
  • Median unit prices: Melrose Park’s median unit price is 5.2% higher than Wentworth Point’s.
  • House price growth: Property prices in nearby Ermington have risen 4.7% more than in Melrose Park over the past year.
  • Unit price growth: Over the past 12 months, unit prices in Melrose Park have grown 1.4% higher than in Wentworth Point.
  • Selling speed for units: Properties in nearby Ermington are selling 11.9% faster than in Melrose Park.
  • Investment considerations: In Melrose Park, the rental yield for house is 7.5% lower than the Sydney average, while the rental yield for units is 4.6% lower.
  • House price growth: Over the past 12 months, house prices in Melrose Park have grown 25.1% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Melrose Park have grown 12.0% lower than the average rate of growth for units across Sydney.

Choose the right real estate agents in Melrose Park

Choosing the right real estate agent in Melrose Park can have a big impact on your sale. While there are 43 real estate agents working in the suburb, but just 5 of them were responsible for 44.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.5% to 2.92%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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