Melton has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 29.41% to date .
Comparing Melton,3337 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 59th of VIC’s most discounted properties, Melton is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $650 mark per week – giving a return of 3.07% based on the median price in Suburb
With a capital gain of 23.09% for the last 12 months, Melton, 3337 has performed for property investments than its average annual 3.26% property growth over the last 5 years.
The five-year average increase in median property values for Melton,3337 has given property investors a potential capital gain of 34.38% 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 -5.08% below the asking price at the moment.
A $0 per week rent on the median house gives suburb investors a gross yield of circa 0.00%, without taking into account capital value appreciation, which has been averaging out at 3.26%.