Fraser vs Melba.
Comparing two suburbs with median house prices of $960,000 and $928,000. Melba edges out on more headline metrics in this comparison.
Melba (median $928,000) is roughly 3% cheaper to buy into than Fraser ($960,000).
Fraser skews owner-occupied (89%), Melba runs more rental-dense (78% owner).
For buyers
Melba is the lower entry point at $928,000 median, 3% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Melba offers the higher gross rental yield (2.35% vs 2.27%), 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.
Common questions
Is Fraser or Melba cheaper to buy in?
Melba has the lower median house price at $928,000, roughly 3% below Fraser ($960,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which suburb has higher rental yield, Fraser or Melba?
Gross rental yield on houses is 2.35% in Melba vs 2.27% in Fraser. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Fraser against another suburb