Melton West is an average performer in VIC when comparing median price capital growth over the last year. Melton West gave property investors a average capital gain figure when compared to the rest of the state, with 11.59%.
Melton West,3337 was ranked 633 in Australia by increase in median property value over the quarter.
The most recent median price for Melton West is $385000, with sellers offering an average of -2.29% off the asking price.
On average over the past year, suburb has had 28.67 sales per month, which equates to 344 per year.
With a capital gain of 13.38% for the last 12 months, Melton West, 3337 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
While Melton West,3337 ranked number 17th in VIC for increase in median house value (annualised) increase, it is ranked 195th over the last 5 years.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
With the median price for a house in Melton West being $305000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 4.86%