Melton South

POSTAL CODE: VIC, 3338
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MELTON SOUTH ranks 3rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 11.88% for the past year is higher than average compared to its 34.2% growth within a five-year period.

Also in MELTON SOUTH, the median home price is sitting at $565,000, and the average rent at $430, this suggests property owners could potentially earn a 3.96% increase in gross rental yield.

Property investors have seen a 1.99% gain in MELTON SOUTH based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on MELTON SOUTH, 3338 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.88%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.02% growth over a ten-year period. It ranks 493rd on our list of suburbs that property investors should look into.

Surburb overview

Melton South is a residential suburb in Melbourne’s outer west, located within the City of Melton, approximately 35 kilometres west of Melbourne’s central business district.

Situated south of central Melton and bounded in part by the Western Freeway and Toolern Creek, the suburb forms a key part of the broader Melton urban area.

According to the 2021 Census, Melton South had a population of 12,108, reflecting ongoing growth driven by housing development in Melbourne’s western corridor.

Residential areas include a mix of established housing dating from the 1970s and 1980s, along with more recent subdivisions that have expanded the suburb’s footprint.

Melton South railway station provides V/Line services to Melbourne’s CBD via the Ballarat line, making the suburb one of the primary public transport access points for the municipality.

Local bus services connect the surrounding neighbourhoods to the station and to retail and community facilities across Melton.

Educational facilities in the suburb include several primary schools and Staughton College, with additional schooling options available in neighbouring suburbs.

Retail services are provided through local shopping strips and centres, while larger commercial facilities are located nearby in central Melton, including Woodgrove Shopping Centre.

Recreational amenities include sporting reserves, playgrounds and shared paths along Toolern Creek, supporting active and passive recreation.

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

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