Melton West VIC 3337

Here you can find what you need to know about Melton West, 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

$450k Median Sale Price (National Average $485k) 661st In VIC
23.80% Median Price Change (1 yr) (National Average 4.30%) 174th In VIC
$340pw Median Rent (National Average $395) 728th In VIC
3.9% Median Gross Yield (National Average 4.24%) 467th In VIC
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Properties sold 205
Average discounting -4.41%
Average Days on Market 31
Stock on Market 67 for sale

Investment Strategy Scores

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

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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 West, 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 West, 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 West, 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 West


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State Auction Clearance Rates - January 2019

Auctions Clearance rate
VIC 36 29%
ACT 6 50%
NSW 26 47%
NT 1 0%
QLD 27 19%
SA 22 47%
TAS 2 0%
WA 10 20%

Local Schools


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Suburb Information

Melton West, VIC 3337

Part of: Melton Council No data available

The size of Melton West is approximately 9.3 square kilometres. It has 9 parks covering nearly 3.8% of total area. The population of Melton West in 2011 was 14,171 people. By 2016 the population was 17,621 showing a population growth of 24.3% in the area during that time. The predominant age group in Melton West is 0-9 years. Households in Melton West are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Melton West work in a trades occupation. In 2011, 75% of the homes in Melton West were owner-occupied compared with 71.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Melton West

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Melton West   for Houses in last 12 months


There have been 199 Houses sold in Melton West in the past 12 months with a median sale price of $450K, up 19.68% annually. It takes on average 31 days to sell with vendor discounting of -5.0%.

Streets in Melton West


Others also viewed

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Melton South VIC, 3338 26.14% $415,000 $320pw 4.0% View Suburb Profile
Melton VIC, 3337 18.84% $410,000 $310pw 3.9% View Suburb Profile
Tarneit VIC, 3029 12% $560,000 $385pw 3.6% View Suburb Profile
Kurunjang VIC, 3337 25.43% $439,000 $330pw 3.9% View Suburb Profile
Sea Lake VIC, 3533 11.89% $80,000 Unavailable Unavailable View Suburb Profile
Melbourne VIC, 3000 Unavailable $420,500 $528pw 6.5% View Suburb Profile