Melton, 3337 ranked 157th in VIC when comparing growth in median property values or capital gain over the last 12 months. Melton is one of 2098 in our list for VIC
Melton,3337 was ranked 895 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.78% to buyers in Melton at the moment, which is less than average for the rest of VIC.
Residents and property investors in Melton have been waiting around 42.51 days to sell a property.
With the median price for a house in Melton being $292000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 4.99%
With a capital gain of 0.22% for the last 12 months, Melton, 3337 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
A -10.08% growth in median value for property investors in Melton,3337 puts this suburb at number 253th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Melton itself are offering an average vendor discount of -5.50% to real estate investors.
Often selling an investment property can take time, and in Melton the average time real estate has been on the market is 98.88 days.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 4.35%, investors should hope to achieve an overall return of 6.29%