Property value increases in Melton South have tracked just higher than the VIC average of 8.06% over the last 12 months.
Taking the average capital gain, or increase in median house value, Melton South,3338 has racked up an average of 13.17% over the period. This ranks it number 1903th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Melton South is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 328th in terms of most discounted suburbs in VIC
At number 1076 in a list of fastest selling suburbs, Melton South is in the TOP 30% of suburbs in Australia with an average of days on market 64.54 for properties listed there.
Property investors should expect to get $280 weekly from the median priced house in this suburb.
Melton South has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.48% to date .
While Melton South,3338 ranked number 51th in VIC for increase in median house value (annualised) increase, it is ranked 314th over the last 5 years.
Sellers are offering property buyers an average discount of -4.84% to buyers in Melton South at the moment, which is less than average for the rest of VIC.