Profile for Melton

3337

Melton is located 36 km west of the CBD. Located on Melbourne's western fringe Melton is a residential area that experienced rapid growth during the 1970s. A large proportion of Melton's labour force is employed in the wholesale & retail trade sector with the manufacturing sector is also a significant employer. Melton also features a large commercial district centred on High St the Melton Aquatic Centre Beaty Park and the Melton Valley Golf Course.

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Median data for March Quarter 2024. Click here for details.

Median Sale Price

$468k

Metro Melbourne

$929k

Quarterly Price Change

-2.7%

Metro Melbourne

2%

Median Rent

$375

Metro Melbourne

$550

Rental Yield

4.1%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 44 40
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $920,000
3 Bedrooms $454,000 $810,000
4 Bedrooms $588,888 $965,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $550
3 Bedrooms $375 $520
4 Bedrooms $410 $575

Median data for March Quarter 2024. Click here for details.

Median Sale Price

$372k

Metro Melbourne

$630k

Annual Price Change

3.2%

Metro Melbourne

-1.6%

Median Rent

$340

Metro Melbourne

$520

Rental Yield

4.8%

Metro Melbourne

4.3%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 75.3%
Days on Market 44 40
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $370,000
2 Bedrooms n/a $600,000
3 Bedrooms $395,000 $855,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $450
2 Bedrooms n/a $540
3 Bedrooms n/a $620

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