Over the last year, property investments in Melton South, 3338 have given investors a capital gain of 12.23%. This compares favourably with the 7.80% for VIC as a whole.
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 increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Melton South itself are offering an average vendor discount of -5.81% to real estate investors.
At number 1308 in a list of fastest selling suburbs, Melton South is in the TOP 40% of suburbs in Australia with an average of days on market 67.71 for properties listed there.
Property investors should expect to get $277.5 weekly from the median priced house in this suburb.
Melton South is an average performer in VIC when comparing median price capital growth over the last year. Melton South gave property investors a average capital gain figure when compared to the rest of the state, with 3.77%.
Across a shorter period, Melton South, 3338 has seen a median price increase of 1.38% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Melton South itself are offering an average vendor discount of -5.75% to real estate investors.
In the last year 51 properties changed hands in Melton South, which puts it as the 180th most active market in VIC when comparing the number of sales per suburb.