With a capital gain of 18.52% for the last 12 months, Melton South, 3338 has performed for property investments than its average annual 6.37% property growth over the last 5 years.
Melton South,3338 has offered an average of 18.52% return per annum in house price rises to property investors over the last three years.
The most recent median price for Melton South is $320000, with sellers offering an average of -3.59% off the asking price.
Melton South is an average performer in VIC when comparing median price capital growth over the last year. Melton South gave property investors a good capital gain figure when compared to the rest of the state, with 10.45%.
Melton South,3338 was ranked 423 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Melton South is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 222th in terms of most discounted suburbs in VIC
In the last year 67 properties changed hands in Melton South, which puts it as the 135th 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 5.56% based on the median price in Suburb