2 Stuart Street, Melrose SA 5483

Lifestyle demand around the Mount Remarkable foothills, affordable detached homes, and a steady trickle of buyers moving from Adelaide are keeping Melrose’s market active. People are buying for lifestyle space, community stability, and the 5.6% rental yield, while the tight inventory of established houses means even first-home buyers face limited competition. With the median house value near $367k and roughly 15% annual growth, prices have kept edging up over the past six months, though low turnover and reliance on regional employment remain risks even as tourism and remote-worker interest offer modest upside.