Powered by MOMENTUM MEDIA
AREA REPORTS

Melton South

Suburb Profile

Melton South - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3338

house
unit
MELTON SOUTH ranks 132nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -6.39% for the past year is lower than average compared to its 68.18% growth within a five-year period.

Also in MELTON SOUTH, the median home price is sitting at $388,500, and the average rent at $330, this suggests property owners could potentially earn a 4.42% increase in gross rental yield.

Property investors have seen a -1.65% drop in MELTON SOUTH based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.72% growth over a ten-year period. It ranks 745th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $388,500 $295,500
GROWTH REPORT
Median Quarterly -1.65% 1.55%
Median 12 month -6.39% -9.22%
Median 3 years 40.76% 27.78%
Median 5 years 68.18% 36.73%
10 years average annual 6.72% 4.59%
Weekly media advert. rent $330 $290
Time on Market 66.4 days 62.0 days
Gross Rental Yield Percent 4.42% 5.1%
demographics (median values)
Total Population
8801
Weekly Household Income
842
Household Size
2.60
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Andrew Wallace MP

Homelessness inquiry suspended

The House of Representatives standing committee on social policy and legal affairs has agreed to suspend its inquiry into homelessness in Au...

Ross McEwan

COVID-19 will have ‘dramatic effect’ on mortgage process

The rapid move to support digital mortgages amid the coronavirus pandemic “will have a dramatic effect” on how people will transact on m...

crack in house property

Property rises, but cracks appear

The Australian property market has grown throughout the last quarter although it is showing signs of cracking with a weak second half of the...

Rate cuts

Rate cuts provide investors a unique opportunity

The low interest rate environment is providing an opportunity for property investors to rebalance their portfolios, an industry expert has e...

Gary Brickworth

Time is now to unlock ‘stored-away’ property wealth

A valuation and advisory firm has called on the government and regulators to work with financiers in unlocking existing equity in investment...

Real estate advertisments

Calls to class real estate as ‘essential’

In the event of further restrictions in response to the coronavirus, an industry group is calling for real estate services to be considered ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.