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Investment Property Melton West, VIC, 3337

Suburb Snapshot

Melton West is a suburb in the Melton Region of Victoria. Melton West has a population of 17,590 people and 22.21% of its occupants live in rental accommodation. The median listing price for houses is $540,000 and this has changed 1.88% over the past year and changed -1.64% over 2 years.

The median rent in Melton West for houses is $420 per week and the median rental yield is 4.04%. Stock on the market for houses/townhouses has changed -11.11% compared to last year and the average time to sell a house/townhouse is 72 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in Melton West is $380 per week, producing a rental yield of NA.

Supply & Demand in Melton West, Melton

0.38%

Current vacancy rate


24

Rental stock available


17,590

Population


22.21%

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


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Statistical data for Melton West, Melton

  House Townhouses Units
Median listing price $540,000 NA NA
Median price change - last quarter 1.88% NA NA
Median price change - 1 year 1.88% NA NA
Median price change - 2 years -1.64% NA NA
  House Townhouses Units
Median weekly rent $420 NA $380
Median yield % 4.04% NA NA
Median rent change - 1 year 7.69% NA 10.14%
  House Units
Previous month sales 14 0
Stock on market previous month 40 1
Stock variance vs. last year -11.11% -75.00%
Average days on market 72 NA

Melton West investment property listings

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