Property investors who have had real estate in Melton South, 3338 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 15.66%
A 79.02% growth in median value for property investors in Melton South,3338 puts this suburb at number 425th in terms of best performing suburbs in VIC
At number 397th of VIC’s most discounted properties, Melton South is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Melton South being $411750 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.04%
Investment property in Melton South has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.03%
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.
The most recent median price for Melton South is $317500, with sellers offering an average of -3.10% off the asking price.
Advertised rents are around the $290 mark per week – giving a return of 4.75% based on the median price in Suburb