Giving property investors a an average capital gain of 6.00% for the last year, Melton, 3337 is the 1735th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Melton,3337 has racked up an average of 6.00% over the period. This ranks it number 2742th in the whole country for real estate investors looking at median house price increases.
At number 375th of VIC’s most discounted properties, Melton is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Melton the average time real estate has been on the market is 54.52 days.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.49%, without taking into account capital value appreciation, which has been averaging out at 4.25%.
At number 608th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton, 3337 is in the top 40% with a property value increase of 6.16% recorded in median house prices.
Comparing Melton,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Melton is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in VIC
A $275 per week rent on the median house gives suburb investors a gross yield of circa 6.27%, without taking into account capital value appreciation, which has been averaging out at 3.57%.