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AREA REPORTS

Melton South

Suburb Profile

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

house
unit
MELTON SOUTH ranks 196th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -4.99% for the past year is lower than average compared to its 65.96% growth within a five-year period.

Also in MELTON SOUTH, the median home price is sitting at $390,000, and the average rent at $330, this suggests property owners could potentially earn a 4.4% increase in gross rental yield.

Property investors have seen a 0.39% gain in MELTON SOUTH based on an increase 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 6.35% growth over a ten-year period. It ranks 894th 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 $390,000 $300,000
GROWTH REPORT
Median Quarterly 0.39% 1.69%
Median 12 month -4.99% -3.23%
Median 3 years 36.36% 27.66%
Median 5 years 65.96% 36.36%
10 years average annual 6.35% 4.21%
Weekly media advert. rent $330 $290
Time on Market 63.8 days 62.9 days
Gross Rental Yield Percent 4.4% 5.03%
demographics (median values)
Total Population
8801
Weekly Household Income
842
Household Size
2.60
demographics
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