Melton South, 3338 ranked 234th 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
Comparing Melton South,3338 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Melton South is $306500, with sellers offering an average of -4.08% off the asking price.
Melton South is 118th on a list of best yielding suburbs for rents in VIC with a 4.92% return
At number 567th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton South, 3338 is in the top 40% with a property value increase of 8.05% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Melton South comes in at number 185th in VIC.
Our latest figures would indicate that property sellers in Melton South are currently offering property investors an average price cut of -4.56% below the asking price at the moment.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 4.94%, investors should hope to achieve an overall return of 5.75%