Melton has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -6.10% to date .
Melton,3337 has offered an average of -6.10% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Melton is giving property investors an average Vendor Discount of around -8.44%. This puts suburb at number 105th in VIC when ranking the most discounted suburbs.
Melton is 159th on a list of best yielding suburbs for rents in VIC with a 4.32% return
If you compare the increase in value of investment property in Melton, 3337 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.26%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melton has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.68% to buyers in Melton at the moment, which is less than average for the rest of VIC.
With the median price for a house in Melton being $312500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.83%