Gables vs Melonba
Melonba (median $1,263,500) is roughly 4% cheaper to buy into than Gables ($1,320,000). Over the past year, Melonba (-0.5%) ran 1.4 percentage points ahead of Gables (-1.9%) on house-price growth.
Buying in Gables or Melonba?
Selling in Gables? The free selling guide
Gables and Melonba side by side
| Measure | Gables | Melonba |
|---|---|---|
| Price and market | ||
| Median house | $1,320,000 | $1,263,500 |
| Median unit | $446,400 | $446,400 |
| House price change, 12 months | -1.9% | -0.5% |
| Renting | ||
| House rent | $850/wk | $850/wk |
| Unit rent | $560/wk | $560/wk |
| Owner occupied | 80.0% | 90.0% |
| Renter occupied | 19.0% | 8.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 982 | 982 |
| Lifestyle and people | ||
| Walk score | 0 | 0 |
| Transit score | 0 | 0 |
| Bike score | 25 | 25 |
| Population | 3,339 | 1,439 |
| Median age | 32 | 31 |
| Climate | ||
| Annual rainfall | 700 mm | 700 mm |
| Mean max, January | 30.4°C | 30.4°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
Melonba skews owner-occupied (90%), Gables runs more rental-dense (80% owner).
- For buyers
- Melonba is the lower entry point at $1,263,500 median, 4% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Melonba carries both higher gross yield (3.50% vs 3.35%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- 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.
Gables vs Melonba: common questions
Is Gables or Melonba cheaper to buy in?
Melonba has the lower median house price at $1,263,500, roughly 4% below Gables ($1,320,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Gables or Melonba?
Over the past 12 months, Melonba grew -0.5% vs -1.9% in Gables, a gap of 1.4 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Which suburb has higher rental yield, Gables or Melonba?
Gross rental yield on houses is 3.50% in Melonba vs 3.35% in Gables. 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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