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Melton SouthMelton South - SUBURB PROFILE REPORT
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The suburb’s capital gain of 9.28% for the past year is lower than average compared to its 66.07% growth within a five-year period.
Also in MELTON SOUTH, the median home price is sitting at $465,000, and the average rent at $330, this suggests property owners could potentially earn a 3.69% increase in gross rental yield.
Property investors have seen a 3.33% 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 7.16% growth over a ten-year period. It ranks 1372nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $465,000 | $332,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.33% | 3.91% |
| Median 12 month | 9.28% | 10.83% |
| Median 3 years | 12.73% | 2.94% |
| Median 5 years | 66.07% | 41.94% |
| 10 years average annual | 7.16% | 4.17% |
| Weekly media advert. rent | $330 | $300 |
| Time on Market | 41.3 days | 49.7 days |
| Gross Rental Yield Percent | 3.69% | 4.69% |
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