Property value increases in Melton have tracked higher than the VIC average of 8.91% over the last 12 months.
Taking the average capital gain, or increase in median house value, Melton,3337 has racked up an average of 26.88% over the period. This ranks it number 84th in the whole country for real estate investors looking at median house price increases.
At number 388th of VIC’s most discounted properties, Melton is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Melton being $406000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 3.97%
Investment property in Melton 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 31.91%
Taking the average capital gain, or increase in median house value, Melton,3337 has racked up an average of 31.91% over the period. This ranks it number 193th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Melton should be aiming for at least -3.64% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 34.78km from the CBD, Melton is one of Melton localities in the postcode 3337.