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AREA REPORTS

Melton

Suburb Profile

Melton - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3337

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 21.88% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $390,000

The augmented property values in the suburb are trailing behind the territorial average of 5.94% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $320.

Home owners selling their properties and realtors in MELTON usually have to wait an average of 69.0 days days before their assets are lifted off the market.

The VIC suburb ranks 127th on the list of best yielding suburbs for rental properties in VIC, posting a 4.27% return.

It also places places 332nd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $390,000 $315,000
GROWTH REPORT
Median Quarterly 1.3% 0%
Median 12 month 0% 0%
Median 3 years 21.88% 31.25%
Median 5 years 57.74% 40%
10 years average annual 5.73% 3.86%
Weekly media advert. rent $320 $295
Time on Market 69.0 days 51.1 days
Gross Rental Yield Percent 4.27% 4.87%
demographics (median values)
Total Population
7303
Weekly Household Income
783.2
Household Size
2.50
demographics
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