Investment property in Melton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.53%
Melton,3337 has offered an average of -4.53% return per annum in house price rises to property investors over the last three years.
At number 53th of VIC’s most discounted properties, Melton is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 143 properties changed hands in Melton, which puts it as the 152th most active market in VIC when comparing the number of sales per suburb.
Melton, 3337’s gross rental yield is 4.27%
Over the last year, property investments in Melton, 3337 have given investors a capital gain of 2.44%. This compares favourably with the -0.27% for VIC as a whole.
Melton,3337 has offered an average of 2.44% return per annum in house price rises to property investors over the last three years.
At number 118th of VIC’s most discounted properties, Melton is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 6.34%, investors should hope to achieve an overall return of 4.79%