Melonba vs Gables.
Comparing two suburbs with median house prices of $1,263,500 and $1,320,000. Melonba edges out on more headline metrics in this comparison.
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.
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 (2.22% vs 2.13%) 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.
Common questions
Is Melonba or Gables 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, Melonba or Gables?
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, Melonba or Gables?
Gross rental yield on houses is 2.22% in Melonba vs 2.13% 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.
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 Melonba against another suburb