Melton South, 3338 ranked 181th 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
Over the longer term, Melton South has seen property prices show investors a 18.14% return over the last 3 years. This is worse than over the last 12 months
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 South, 3338. Typically our figures indicate that -5.64% is being offered, which puts this VIC suburb at 2110th most discounted overall in Australia.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 5.01%, investors should hope to achieve an overall return of 5.11%
With a capital gain of 7.24% for the last 12 months, Melton South, 3338 has performed for property investments than its average annual 4.99% property growth over the last 5 years.
While Melton South,3338 ranked number 47th in VIC for increase in median house value (annualised) increase, it is ranked 311th over the last 5 years.
Melton South, 3338 is offering VIC ‘s 169th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Renters in Suburb are facing rents around $3120 per annum or $260 every week.