Giving property investors a a stable capital gain of 10.77% for the last year, Melton West, 3337 is the 1278th highest performer in Australia in this respect.
Comparing Melton West,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Melton West is $360000, with sellers offering an average of -4.13% off the asking price.
On average over the past year, suburb has had 35.92 sales per month, which equates to 431 per year.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
Over the last year, property investments in Melton West, 3337 have given investors a capital gain of 7.84%. This compares favourably with the 4.83% for VIC as a whole.
If we look at median property appreciation over just the last three months, Melton West has given property investors a paper return of 1.85%. This puts Suburb as 157 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -3.06% to buyers in Melton West at the moment, which is less than average for the rest of VIC.
At number 791 in a list of fastest selling suburbs, Melton West is just in the bottom half of suburbs in Australia with an average of days on market 79.5 for properties listed there.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at 2.55%.