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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 $579,000 and this has changed 1.57% over the past year and changed 1.75% over 2 years.

The median rent in Melton South for houses is $420 per week and the median rental yield is 3.77%. Stock on the market for houses/townhouses has changed 23.56% 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 2.78% over the past year. The average unit takes 83 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

1.75%

Current vacancy rate


109

Rental stock available


11,518

Population


27.81%

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


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Statistical data for Melton South, Melton

  House Townhouses Units
Median listing price $579,000 NA $369,000
Median price change - last quarter 0.00% NA 0.00%
Median price change - 1 year 1.57% NA 2.78%
Median price change - 2 years 1.75% NA 5.73%
  House Townhouses Units
Median weekly rent $420 $420 $350
Median yield % 3.77% NA 4.93%
Median rent change - 1 year 5.00% 5.00% 2.94%
  House Units
Previous month sales 27 3
Stock on market previous month 257 10
Stock variance vs. last year 23.56% -9.09%
Average days on market 250 83

Melton South investment property listings

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