Over the last year, property investments in Melton, 3337 have given investors a capital gain of 28.21%. This compares very favourably with the 12.04% for VIC as a whole.
While Melton,3337 ranked number 184th in VIC for increase in median house value (annualised) increase, it is ranked 357th over the last 5 years.
Property investors looking for a bargain in Melton should be aiming for at least -3.41% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 235 properties changed hands in Melton, which puts it as the 85th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
At number 132th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton, 3337 is in the top 10% with a property value increase of 22.20% 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 240th in VIC.
Vendor discounting in Melton is giving property investors an average Vendor Discount of around -3.10%. This puts suburb at number 261th in VIC when ranking the most discounted suburbs.
Residents and property investors in Melton have been waiting around 46.44 days to sell a property.
A $275 per week rent on the median house gives suburb investors a gross yield of circa 5.14%, without taking into account capital value appreciation, which has been averaging out at 5.59%.