Melton is in the bottom 20% in VIC when comparing median price capital growth over the last year. Melton gave property investors a dismal capital gain figure when compared to the rest of the state, with 3.90%.
Comparing Melton,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.31% offered to property buyers. Sellers in Melton itself are offering an average vendor discount of -4.68% to real estate investors.
Situated 36.71km from the CBD, Melton is one of Melton (C) localities in the postcode 3337.
Property value increases in Melton have tracked close to the VIC average of 5.71% over the last 12 months.
The five-year average increase in median property values for Melton,3337 has given property investors a potential capital gain of 42.05% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.39% offered to property buyers. Sellers in Melton itself are offering an average vendor discount of -4.38% to real estate investors.
At number 234 in a list of fastest selling suburbs, Melton is in the TOP 20% of suburbs in Australia with an average of days on market 47.5769 for properties listed there.