Melton South VIC 3338

Here you can find what you need to know about Melton South, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$415k Median Sale Price (National Average $485k) 525th In VIC
10.37% Median Price Change (1 yr) (National Average 4.30%) 186th In VIC
$320pw Median Rent (National Average $395) 529th In VIC
4.0% Median Gross Yield (National Average 4.24%) 189th In VIC
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Properties sold 234
Average discounting -5.72%
Average Days on Market 41
Stock on Market 119 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Melton South, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Melton South, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Melton South, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Melton South


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State Auction Clearance Rates - April 2019

Auctions Clearance rate
VIC 48 59%
ACT 35 44%
NSW 213 57%
NT 11 0%
QLD 22 38%
SA 42 17%
WA 18 25%

Local Schools


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Suburb Information

Melton South, VIC 3338

Part of: Melton Council No data available

The size of Melton South is approximately 5.4 square kilometres. It has 5 parks covering nearly 3.1% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melton South

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Melton South   for Houses in last 12 months


There have been 230 Houses sold in Melton South in the past 12 months with a median sale price of $413K, up 8.55% annually. It takes on average 42 days to sell with vendor discounting of -6.04%.

Streets in Melton South


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Melton West VIC, 3337 10.77% $450,000 $340pw 3.9% View Suburb Profile
Melton VIC, 3337 12.95% $410,000 $310pw 3.9% View Suburb Profile
Cobblebank VIC, 3338 24.32% $460,000 $370pw 4.2% View Suburb Profile
Tarneit VIC, 3029 9.71% $565,000 $390pw 3.6% View Suburb Profile
Manor Lakes VIC, 3024 8.16% $530,000 $380pw 3.7% View Suburb Profile
Weir Views VIC, 3338 6.82% $470,000 $350pw 3.9% View Suburb Profile