Property investors who have had real estate in Melton, 3337 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.19%
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.
Sellers are offering property buyers an average discount of -4.59% to buyers in Melton at the moment, which is less than average for the rest of VIC.
Over the last year, property investments in Melton, 3337 have given investors a capital gain of 29.39%. This compares very favourably with the 7.50% for VIC as a whole.
The five-year average increase in median property values for Melton,3337 has given property investors a potential capital gain of 37.83% across each of those five years.
Our latest figures would indicate that property sellers in Melton are currently offering property investors an average price cut of -3.90% 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 34.38 days.
Melton, 3337’s gross rental yield is 4.59%