Charnwood vs Melba
Charnwood (median $715,000) is roughly 23% cheaper to buy into than Melba ($928,000).
Buying in Charnwood or Melba?
Selling in Charnwood? The free selling guide
Charnwood and Melba side by side
| Measure | Charnwood | Melba |
|---|---|---|
| Price and market | ||
| Median house | $715,000 | $928,000 |
| Median unit | $316,800 | $633,750 |
| Renting | ||
| House rent | $420/wk | $420/wk |
| Unit rent | $380/wk | $400/wk |
| Owner occupied | 67.0% | 78.0% |
| Renter occupied | 31.0% | 21.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1053 | 1053 |
| Lifestyle and people | ||
| Walk score | 44 | 8 |
| Transit score | 70 | 100 |
| Bike score | 100 | 100 |
| Population | 3,055 | 3,383 |
| Median age | 35 | 38 |
| Climate | ||
| Annual rainfall | 668 mm | 668 mm |
| Mean max, January | 29.4°C | 29.4°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Charnwood scores higher on walkability (44/100 vs 8/100 ), useful if you're optimising for a car-light household. Melba skews owner-occupied (78%), Charnwood runs more rental-dense (67% owner).
- For buyers
- Charnwood is the lower entry point at $715,000 median, 23% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Charnwood offers the higher gross rental yield (3.05% vs 2.35%), favouring cash-flow investors.
- For families
- School and household data is too similar between the two to call a winner on family fit. Check the individual profiles for street-level school catchments.
Charnwood vs Melba: common questions
Is Charnwood or Melba cheaper to buy in?
Charnwood has the lower median house price at $715,000, roughly 23% below Melba ($928,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which is more walkable, Charnwood or Melba?
Charnwood scores 44/100 on walkability vs 8/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Charnwood or Melba?
Gross rental yield on houses is 3.05% in Charnwood vs 2.35% in Melba. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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