Melton, 3337 ranked 604th 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
Melton,3337 has offered an average of 1.30% return per annum in house price rises to property investors over the last three years.
The most recent median price for Melton is $390000, with sellers offering an average of -5.03% off the asking price.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 5.15%.
Over the last year, property investments in Melton, 3337 have given investors a capital gain of 3.23%. This compares averagely with the 5.78% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Melton comes in at number 115th in VIC.
Our latest figures would indicate that property sellers in Melton are currently offering property investors an average price cut of -3.58% below the asking price at the moment.
On average over the past year, suburb has had 3.08 sales per month, which equates to 37 per year.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.77%, investors should hope to achieve an overall return of 4.88%