Melton South has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.51% to date .
Melton South,3338 was ranked 1897 in Australia by increase in median property value over the quarter.
Vendor discounting in Melton South is giving property investors an average Vendor Discount of around -4.73%. This puts suburb at number 396th in VIC when ranking the most discounted suburbs.
With the median price for a house in Melton South being $290000 and the advertised rent reaching $289.5 the gross rental yield for property investors calculates out to be 5.19%
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 8.80%
The five-year average increase in median property values for Melton South,3338 has given property investors a potential capital gain of 1.18% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Melton South is offering property investors an average of -5.07. This rate of discount on properties puts Suburb at number 140th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Melton South the average time real estate has been on the market is 77.67 days.
The VIC suburb of Melton South, 3338 is in the Melton local government area.