2. VIC
  3. Melton

Melton South VIC 3338

Houses Units

Here you can find what you need to know about Melton South, 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

$488K Median Sale Price (National Average $485k) 627th In VIC
1.67% Median Sale Price Change (1yr) (National Average 4.30%) 281st In VIC
$420pw Median Rent (National Average $395) 554th In VIC
4.5% Median Gross Yield (National Average 4.24%) 85th In VIC
Properties sold 224
Average discounting -4.34%
Average Days on Market 49
Stock on Market 209 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 South, 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 South, 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 South, 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 South


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State Auction Clearance Rates


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Suburb Information

Melton South, VIC 3338

Part of: Melton Council No data available

The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melton South

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Melton South   for Houses in last 12 months


There have been 224 Houses sold in Melton South in the past 12 months with a median sale price of $488K, up 1.7% annually. It takes on average 33 days to sell with vendor discounting of -4.3%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Melton West VIC, 3337 -3.70% $520,000 $410pw 4.1% View Suburb Profile
Melton VIC, 3337 2.58% $477,000 $390pw 4.2% View Suburb Profile
Cobblebank VIC, 3338 -3.55% $625,000 $460pw 3.8% View Suburb Profile
Weir Views VIC, 3338 -3.88% $545,000 $460pw 4.4% View Suburb Profile
Tarneit VIC, 3029 -1.15% $642,500 $530pw 4.3% View Suburb Profile
Manor Lakes VIC, 3024 Unavailable $640,000 $480pw 3.9% View Suburb Profile

Currency

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