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Investment Property Melton, VIC, 3337

Suburb Snapshot

Melton is a suburb in the Melton Region of Victoria. Melton has a population of 8,069 people and 28.28% of its occupants live in rental accommodation. The median listing price for houses is $480,000 and this has changed 0.20% over the past year and changed -1.85% over 2 years.

The median rent in Melton for houses is $400 per week and the median rental yield is 4.33%. Stock on the market for houses/townhouses has changed -48.35% compared to last year and the average time to sell a house/townhouse is 119 days.The median listing price for units is $369,000 and this has changed 2.50% over the past year. The average unit takes 49 days to sell and the median rent for a unit in Melton is $350 per week, producing a rental yield of 4.93%.

Supply & Demand in Melton, Melton

1.55%

Current vacancy rate


61

Rental stock available


8,069

Population


28.28%

Rental population


1.02%

Current vacancy rate


615

Rental stock available


135,440

Population


19.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Melton, Melton

  House Townhouses Units
Median listing price $480,000 NA $369,000
Median price change - last quarter 0.20% NA 0.00%
Median price change - 1 year 0.20% NA 2.50%
Median price change - 2 years -1.85% NA 8.52%
  House Townhouses Units
Median weekly rent $400 $415 $350
Median yield % 4.33% NA 4.93%
Median rent change - 1 year 8.10% NA 6.06%
  House Units
Previous month sales 11 2
Stock on market previous month 47 5
Stock variance vs. last year -48.35% -50.00%
Average days on market 119 49

Melton investment property listings

Showing 2 of 2 investment properties found in Melton on realestateinvestar.com.au

9 Kinkora Rd, Melton

$499,000

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Semi-Renovated Home in the Heart of Melton - Walk to Woodgrove S

Nestled in a sought-after pocket of Central Melton, this stylish family home offers space, comfort, and everyday convenience. Perfectly positioned within walking distance to Woodgrove Shopping Centre, medical centre, and public transport, it's also just a short drive to Melton Train Station and ...

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VIC 3337


20 Falcon Dr, Melton

$529,000

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PERFECT FIRST HOME OR INVESTMENT OPPORTUNITY!

Set on a generous 585m² allotment, this well-maintained home offers comfortable family living in a convenient Melton location and boasts loads of potential for the lucky buyer. The home features three well-sized bedrooms (2 with built in robes) serviced by an updated central bathroom, excellent ...

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VIC 3337


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