At number 3148th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton, 3337 is in the BOTTOM 30% with a property value increase of 7.44% recorded in median house prices.
Over the longer term, Melton has seen property prices show investors a 2.44% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Melton are currently offering property investors an average price cut of -4.39% below the asking price at the moment.
Often selling an investment property can take time, and in Melton the average time real estate has been on the market is 44.3362 days.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 5.54%.
At number 973th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton, 3337 is in the BOTTOM 50% with a property value increase of 4.76% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Melton comes in at number 266th in VIC.
The most recent median price for Melton is $330000, with sellers offering an average of -2.65% off the asking price.
Melton, 3337’s gross rental yield is 4.85%