Market snapshot
Suburb insights for Melton3337
Change suburbMelton 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.
Sales data
Median sale price
$458k
Quarterly price change
-4.5%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Melton | Metro comparison |
|---|---|---|
| 2 | - | $902,000 |
| 3 | $455,000 | $807,500 |
| 4 | $588,888 | $950,000 |
| Insight | Melton | Metro comparison |
|---|---|---|
| Clearance rate | 71.4% | 73.3% |
| Days on market | 51.5 | 42 |
Rental data
Median weekly rent
$390
Rental yield
4.3%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Melton | Metro comparison |
|---|---|---|
| 2 | - | $560 |
| 3 | $390 | $550 |
| 4 | $410 | $595 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.