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Investment Property Melton, VIC

Region Snapshot

Melton is a region in Victoria, Australia. Melton has a population of 135,440 people and 19.54% of its occupants live in rental accommodation. The median listing price for houses is $600,000 and this has changed 1.69% over the past year and changed 0.16% over 2 years.

The median rent in for houses is $455 per week and the median rental yield is 3.94%. Stock on the market for houses/townhouses has changed -2.69% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $400,000 and this has changed 3.89% over the past year. The average unit takes NA days to sell and the median rent for a unit in Melton is $390 per week, producing a rental yield of 5.07%.

Supply & Demand in Melton

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

  House Townhouses Units
Median listing price $600,000 $479,500 $400,000
Median price change - last quarter 0.00% -4.17% 0.25%
Median price change - 1 year 1.69% -4.10% 3.89%
Median price change - 2 years 0.16% -6.44% 5.26%
  House Townhouses Units
Median weekly rent $455 $460 $390
Median yield % 3.94% 4.98% 5.07%
Median rent change - 1 year 5.81% 9.52% 11.42%
  House Units
Previous month sales 154 8
Stock on market previous month 1,084 36
Stock variance vs. last year -2.69% -14.29%
Average days on market NA NA

Melton investment property listings

Showing 3 of 3 investment properties found in Melton on realestateinvestar.com.au

64 Grampians Way, Caroline Springs

$640,000

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Where Modern Living Meets Everyday Convenience

Located in a quiet and well-established pocket of Caroline Springs, this residence presents a comfortable and practical home ideal for families, first-home buyers or investors. The home offers a well-considered layout with the bedrooms positioned at the front of the residence, providing privacy, ...

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House

VIC 3023


11 Teatree St, Diggers Rest

$590,000

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Contemporary & Comfortable Family Living

Welcome to this well-presented single-level home, offering a smart and functional design ideal for modern living. This property presents a fantastic opportunity for first home buyers, downsizers or investors seeking low maintenance comfort and everyday convenience. Step inside to discover a light ...

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House

VIC 3427


47 Sedate Dr, Rockbank

$579,000

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An Outstanding Opportunity in Thriving Rockbank

Nestled in the heart of the family-friendly Serenity Estate, this superbly positioned home delivers an outstanding combination of comfort, lifestyle, and convenience. Located just moments from public transport, beautiful parklands, scenic walking and jogging trails, quality primary and secondary ...

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House

VIC 3335


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