Investment property in Melton South has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.37%
While Melton South,3338 ranked number 349th in VIC for increase in median house value (annualised) increase, it is ranked 423th over the last 5 years.
Property investors looking for a bargain in Melton South should be aiming for at least -4.30% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 247 properties changed hands in Melton South, which puts it as the 83th most active market in VIC when comparing the number of sales per suburb.
Melton South is 120th on a list of best yielding suburbs for rents in VIC with a 5.03% return
VIC has seen average median house prices change by 4.28% which means that Melton South, 3338 has done well for property investors by showing a capital gain of 9.70% over the last year
A 2.51% growth in median value for property investors in Melton South,3338 puts this suburb at number 225th in terms of best performing suburbs in VIC
At number 159th of VIC’s most discounted properties, Melton South is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 59 properties changed hands in Melton South, which puts it as the 149th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $260 mark per week – giving a return of 5.76% based on the median price in Suburb