With a capital gain of 8.82% for the last 12 months, Melton West, 3337 has performed for property investments than its average annual 5.43% property growth over the last 5 years.
A 19.94% growth in median value for property investors in Melton West,3337 puts this suburb at number 304th in terms of best performing suburbs in VIC
Melton West, 3337 is offering VIC ‘s 460th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
With the median price for a house in Melton West being $370000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.50%
If you compare the increase in value of investment property in Melton West, 3337 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.48%.
When looking at the potential capital gains offered to property investors over the last 3 years, Melton West comes in at number 217th in VIC.
Property investors looking for a bargain in Melton West should be aiming for at least -3.84% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 38.92km from the CBD, Melton West is one of Melton localities in the postcode 3337.