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Median values are calculated based on data over a 12 month period.

Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government.
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Market Report

Melton has 232 properties available for sale. The median property price for a house is currently 480,000 with annual capital growth of 18.23 . There were 201 house sales in the past 12 months. On average, houses spend 22 days on market.

If you're thinking about buying an investment property in Melton, consider that rental yields for houses are currently 3.76 with an average median rent of 330 weekly. Houses have seen 5.49 growth in the past quarter, and 18.23 growth in the past 12 months.

The size of Melton is approximately 20.3 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years.

Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016.

Melton has 37 properties available for sale. The median property price for a unit is currently 358,000 with annual capital growth of 6.87 . There were 36 unit sales in the past 12 months. On average, units spend 17 days on market.

If you're thinking about buying an investment property in Melton, consider that rental yields for units are currently 4.64 with an average median rent of 305 weekly. Units have seen 2.29 growth in the past quarter, and 6.87 growth in the past 12 months.

The size of Melton is approximately 20.3 square kilometres. It has 2 parks covering nearly 0.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years.

Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016.

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Key Market Data House Unit
Median price 480,000 358,000
Quarterly growth +5.49 +2.29
12-month growth +18.23 +6.87
Average annual growth +9.86 +9.49
Weekly median rent 330 305
Gross rental yield 3.76 4.64
Number of sales 201 36
Days on market 22 17
Jump to Market Trends
Key Demographics 2011 2016
Total population 7,592 8,063
5YR Population change +3.91 +6.20
Median household income (p/w) 885 986
5YR Household income change +9.67 +11.41
Median loan repayment (p/m) 107 102
Median age of persons 37 38
Jump to Demographics Trends
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