2. VIC
  3. Melton

Houses Units

Here you can find what you need to know about Melton, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$475K Median Sale Price (National Average $485k) 634th In VIC
2.15% Median Sale Price Change (1yr) (National Average 4.30%) 241st In VIC
$390pw Median Rent (National Average $395) 580th In VIC
4.3% Median Gross Yield (National Average 4.24%) 112th In VIC
Properties sold 174
Average discounting -4.43%
Average Days on Market 69
Stock on Market 113 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Melton, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Melton, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Melton, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Melton


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Melton, VIC 3337

Part of: Melton Council No data available

The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melton

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Melton   for Houses in last 12 months


There have been 174 Houses sold in Melton in the past 12 months with a median sale price of $475K, up 2.2% annually. It takes on average 40 days to sell with vendor discounting of -4.4%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Melton South VIC, 3338 1.24% $490,000 $420pw 4.5% View Suburb Profile
Melton West VIC, 3337 -5.45% $520,000 $412pw 4.1% View Suburb Profile
Kurunjang VIC, 3337 Unavailable $520,000 $420pw 4.2% View Suburb Profile
Tarneit VIC, 3029 -0.77% $642,000 $530pw 4.3% View Suburb Profile
Bacchus Marsh VIC, 3340 -4.62% $620,000 $480pw 4.0% View Suburb Profile
Wyndham Vale VIC, 3024 1.75% $580,000 $470pw 4.2% View Suburb Profile

Currency

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