At number 536th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton, 3337 is in the top 20% with a property value increase of 16.28% recorded in median house prices.
Comparing Melton,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Melton is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 526th in terms of most discounted suburbs in VIC
Property investors should expect to get $285 weekly from the median priced house in this suburb.
Melton has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.66% to date .
Melton,3337 was ranked 1173 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.17% to buyers in Melton at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Melton the average time real estate has been on the market is 98.79 days.
Situated 36.61km from the CBD, Melton is one of Melton localities in the postcode 3337.