Melton West has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.20% to date .
Melton West,3337 was ranked 2005 in Australia by increase in median property value over the quarter.
Melton West3337 is located in VIC which offers an average discount of -6.03% to property investors. Melton West itself is showing figures that indicate -5.32% is the average achievable by property buyers investing in the suburb.
In the last year 400 properties changed hands in Melton West, which puts it as the 27th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3660 per annum or $305 every week.
Melton West is in the TOP 20% in VIC when comparing median price capital growth over the last year. Melton West gave property investors a very good capital gain figure when compared to the rest of the state, with 10.20%.
Over the longer term, Melton West has seen property prices show investors a -0.18% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Melton West is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 291th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.
Property investors should expect to get $280 weekly from the median priced house in this suburb.