Melton South, 3338 ranked 263th in VIC when comparing growth in median property values or capital gain over the last 12 months. Melton South is one of 2098 in our list for VIC
The five-year average increase in median property values for Melton South,3338 has given property investors a potential capital gain of 17.70% across each of those five years.
Property investors looking for a bargain in Melton South should be aiming for at least -4.87% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Melton South have been waiting around 62.04 days to sell a property.
Advertised rents are around the $289 mark per week – giving a return of 5.25% based on the median price in 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 8.08% to date .
Across a shorter period, Melton South, 3338 has seen a median price increase of 1.74% over the last quarter.
The most recent median price for Melton South is $234000, with sellers offering an average of -4.89% off the asking price.
Renters in Suburb are facing rents around $3120 per annum or $260 every week.