Investment property in Melton South has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.82%
When looking at the potential capital gains offered to property investors over the last 3 years, Melton South comes in at number 407th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Melton South itself are offering an average vendor discount of -5.91% to real estate investors.
Melton South is 82th on a list of best yielding suburbs for rents in VIC with a 5.42% return
At number 1067th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton South, 3338 is in the BOTTOM 40% with a property value increase of 1.18% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melton South has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Melton South 3338 should be seeing an average reduction in asking price of around -5.95% . This means that Melton South is holding prices well when compared to other suburbs in VIC.
In the last year 40 properties changed hands in Melton South, which puts it as the 211th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3060 per annum or $255 every week.