Melton West

POSTAL CODE: VIC, 3337
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MELTON WEST, 3337 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling MELTON WEST, 3337 values up and netting property investors a capital gain of 13.81% for the past year.

Investors saw the median home price rise to $597,500.

Profits due to an upward trend in home prices in the suburb averaged 2.85% per annum over a 3-year period.

MELTON WEST now ranks at the 137th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MELTON WEST are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $430 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MELTON WEST, homes and units usually stay on listing for an average of 50.1 days.

In 2016, 204 properties were sold in MELTON WEST during the past year, making it the 469th most active market in VIC based on total real estate transactions.

Surburb overview

Melton West is a residential suburb in Melbourne’s outer west, located within the City of Melton, approximately 38 kilometres west of Melbourne’s central business district.

Situated immediately west of central Melton, the suburb forms part of the broader Melton urban area and is connected by arterial roads, including High Street and the Western Freeway.

According to the 2021 Census, Melton West had a population of 19,772 residents, reflecting sustained growth associated with housing development across Melbourne’s western growth corridor.

Residential development in Melton West commenced largely in the late 1980s and 1990s, with detached dwellings on suburban allotments forming the predominant housing type.

The suburb includes a range of educational facilities, including multiple government primary schools and Melton Secondary College, with additional schooling options available in neighbouring suburbs.

Local retail services are provided through neighbourhood shopping strips and centres, while larger commercial and retail facilities are concentrated in central Melton, including Woodgrove Shopping Centre.

Public transport options include bus services linking residential areas to Melton railway station, which provides V/Line train services to Melbourne’s CBD via the Ballarat line.

Recreational amenities include sporting reserves, playgrounds and shared walking and cycling paths, with nearby natural features such as Arnolds Creek contributing to local open space networks.

Community facilities include childcare centres, medical clinics and community meeting spaces that support a growing population.

Melton West experiences a temperate climate with warm-to-hot summers and cool winters, typical of Melbourne’s western plains.

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