If you compare the increase in value of investment property in Melton, 3337 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.00%.
If we look at median property appreciation over just the last three months, Melton has given property investors a paper return of -0.90%. This puts Suburb as 603 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Melton is giving property investors an average Vendor Discount of around -4.89%. This puts suburb at number 132th in VIC when ranking the most discounted suburbs.
With the median price for a house in Melton being $385000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.32%
Melton, 3337 ranked 271th in VIC when comparing growth in median property values or capital gain over the last 12 months. Melton is one of 2099 in our list for VIC
Across a shorter period, Melton, 3337 has seen a median price increase of 0.48% over the last quarter.
The most recent median price for Melton is $316500, with sellers offering an average of -3.56% off the asking price.