VIC has seen average median house prices change by 8.23% which means that Melton, 3337 has done well for property investors by showing a capital gain of 2.20% over the last year
The five-year average increase in median property values for Melton,3337 has given property investors a potential capital gain of -0.97% across each of those five years.
Property investors looking for a bargain in Melton should be aiming for at least -5.44% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.97%, investors should hope to achieve an overall return of 5.51%
Giving property investors a an average capital gain of 3.40% for the last year, Melton, 3337 is the 908th highest performer in Australia in this respect.
While Melton,3337 ranked number 231th in VIC for increase in median house value (annualised) increase, it is ranked 313th over the last 5 years.
At number 54th of VIC’s most discounted properties, Melton is in the bottom 20% of the state/territory when listing in order of most discounted to least.
Melton, 3337’s gross rental yield is 6.21%