AREA REPORTS

Melton

 

 

VIC/
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 60.78% 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 $410,000

The augmented property values in the suburb are trailing above the territorial average of 3.57% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $310.

Home owners selling their properties and realtors in MELTON usually have to wait an average of 42.1 days days before their assets are lifted off the market.

The VIC suburb ranks 200th on the list of best yielding suburbs for rental properties in VIC, posting a 3.93% return.

It also places places th 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 $410,000 $318,500
GROWTH REPORT
Median Quarterly 0% 1.11%
Median 12 month 12.95% 15.4%
Median 3 years 60.78% 41.87%
Median 5 years 67.35% 40%
10 years average annual 7.58% 5.4%
Weekly media advert. rent $310 $290
Time on Market 42.1 days 46.1 days
Gross Rental Yield Percent 3.93% 4.73%
demographics (median values)
Total Population
7303
Weekly Household Income
783.2
Household Size
2.50
demographics
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