Fraser vs Melba
Melba (median $928,000) is roughly 3% cheaper to buy into than Fraser ($960,000).
Buying in Fraser or Melba?
Selling in Fraser? The free selling guide
Fraser and Melba side by side
| Measure | Fraser | Melba |
|---|---|---|
| Price and market | ||
| Median house | $960,000 | $928,000 |
| Median unit | $316,800 | $633,750 |
| Renting | ||
| House rent | $420/wk | $420/wk |
| Unit rent | $450/wk | $400/wk |
| Owner occupied | 89.0% | 78.0% |
| Renter occupied | 10.0% | 21.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1053 | 1053 |
| Lifestyle and people | ||
| Walk score | 8 | 8 |
| Transit score | 100 | 100 |
| Bike score | 100 | 100 |
| Population | 2,126 | 3,383 |
| Median age | 41 | 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
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.
Fraser vs Melba: 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.
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