Over the last year, property investments in Melton, 3337 have given investors a capital gain of 10.00%. This compares favourably with the 7.68% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Melton,3337 has racked up an average of 10.00% over the period. This ranks it number 2376th in the whole country for real estate investors looking at median house price increases.
Melton3337 is located in VIC which offers an average discount of -6.04% to property investors. Melton itself is showing figures that indicate -4.67% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
Over the last year, property investments in Melton, 3337 have given investors a capital gain of 1.11%. This compares averagely with the 3.19% for VIC as a whole.
While Melton,3337 ranked number 86th in VIC for increase in median house value (annualised) increase, it is ranked 327th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Melton, 3337. Typically our figures indicate that -5.71% is being offered, which puts this VIC suburb at 566th most discounted overall in Australia.
A $275 per week rent on the median house gives suburb investors a gross yield of circa 6.29%, without taking into account capital value appreciation, which has been averaging out at 3.58%.