Over the last year, property investments in Melton South, 3338 have given investors a capital gain of -4.51%. This compares very badly with the 2.87% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melton South has increased when compared to the 5 year average annual rate.
Vendor discounting in Melton South is giving property investors an average Vendor Discount of around -7.44%. This puts suburb at number 139th in VIC when ranking the most discounted suburbs.
Situated 36.52km from the CBD, Melton South is one of Melton (C) localities in the postcode 3338.
At number 1079th in the list of Australian suburbs ordered by increase in median house value over the last year, Melton South, 3338 is in the BOTTOM 30% with a property value increase of -4.84% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Melton South comes in at number 65th in VIC.
Vendor discounting in Melton South is giving property investors an average Vendor Discount of around -6.57%. This puts suburb at number 81th in VIC when ranking the most discounted suburbs.
Property investors should expect to get $290 weekly from the median priced house in this suburb.