With a capital gain of 7.81% for the last 12 months, Melton West, 3337 has performed for property investments than its average annual 4.72% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Melton West,3337 has racked up an average of 7.81% over the period. This ranks it number 2452th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Melton West is $345000, with sellers offering an average of -5.47% off the asking price.
On average over the past year, suburb has had 32.08 sales per month, which equates to 385 per year.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
Property value increases in Melton West have tracked just higher than the VIC average of 3.19% over the last 12 months.
The five-year average increase in median property values for Melton West,3337 has given property investors a potential capital gain of -1.28% across each of those five years.
Our latest figures would indicate that property sellers in Melton West are currently offering property investors an average price cut of -3.30% below the asking price at the moment.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 2.47%, investors should hope to achieve an overall return of 5.41%