Melton has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.52% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Melton comes in at number 33th in VIC.
Melton, 3337 is offering VIC ‘s 53th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
In the last year 152 properties changed hands in Melton, which puts it as the 147th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Melton being $400000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.15%
Investment property in Melton has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.00%
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.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Melton is 82th on a list of best yielding suburbs for rents in VIC with a 4.79% return