Property value increases in Melton have tracked higher than the VIC average of 6.28% over the last 12 months.
While Melton,3337 ranked number 304th in VIC for increase in median house value (annualised) increase, it is ranked 132th over the last 5 years.
Vendor discounting in Melton is giving property investors an average Vendor Discount of around -7.77%. This puts suburb at number 147th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $16120 per annum or $310 every week.
If you compare the increase in value of investment property in Melton, 3337 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.54%.
Comparing Melton,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -2.09% to buyers in Melton at the moment, which is less than average for the rest of VIC.
In the last year 32 properties changed hands in Melton, which puts it as the 212th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $15080 per annum or $290 every week.