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Investment Property Melton South, VIC, 3338

Suburb Snapshot

Melton South is a suburb in the Melton Region of Victoria. Melton South has a population of 11,518 people and 27.81% of its occupants live in rental accommodation. The median listing price for houses is $579,500 and this has changed 1.84% over the past year and changed 1.66% over 2 years.

The median rent in Melton South for houses is $420 per week and the median rental yield is 3.76%. Stock on the market for houses/townhouses has changed 17.29% compared to last year and the average time to sell a house/townhouse is 250 days.The median listing price for units is $369,000 and this has changed 2.50% over the past year. The average unit takes 84 days to sell and the median rent for a unit in Melton South is $350 per week, producing a rental yield of 4.93%.

Supply & Demand in Melton South, Melton

1.83%

Current vacancy rate


114

Rental stock available


11,518

Population


27.81%

Rental population


1.05%

Current vacancy rate


633

Rental stock available


135,440

Population


19.54%

Rental population


0.94%

Current vacancy rate


29,256

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 South, Melton

  House Townhouses Units
Median listing price $579,500 NA $369,000
Median price change - last quarter 0.00% NA 0.00%
Median price change - 1 year 1.84% NA 2.50%
Median price change - 2 years 1.66% NA 5.73%
  House Townhouses Units
Median weekly rent $420 $425 $350
Median yield % 3.76% NA 4.93%
Median rent change - 1 year 7.69% 8.97% 6.06%
  House Units
Previous month sales 17 3
Stock on market previous month 251 14
Stock variance vs. last year 17.29% 27.27%
Average days on market 250 84

Melton South investment property listings

Showing 1 of 1 investment properties found in Melton South on realestateinvestar.com.au

2 Valerian St, Melton South

$590,000

property pic

Modern 4 Bedroom Family Home

Offering 4-bedrooms and multiple living spaces, this home is designed for modern comfort with a spacious and functional layout perfect for families or investors. The master bedroom features a walk-in robe and en-suite, while the remaining bedrooms come with built-in robes for ample storage. The ...

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House

VIC 3338


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