Property investors who have had real estate in Melton South, 3338 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.44%
If we look at median property appreciation over just the last three months, Melton South has given property investors a paper return of -2.44%. This puts Suburb as 499 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Melton South is $400000, with sellers offering an average of -7.86% off the asking price.
Residents and property investors in Melton South have been waiting around 63.2963 days to sell a property.
Melton South is 176th on a list of best yielding suburbs for rents in VIC with a 4.16% return
Property value increases in Melton South have tracked just lower than the VIC average of 0.10% over the last 12 months.
Over the longer term, Melton South has seen property prices show investors a 37.39% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Melton South 3338 should be seeing an average reduction in asking price of around -6.28% . This means that Melton South is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Melton South being $299500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.04%