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
$475k
Quarterly price change
3.8%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Melton | Metro comparison |
|---|---|---|
| 2 | - | $888,000 |
| 3 | $458,500 | $807,000 |
| 4 | $576,250 | $950,000 |
| Insight | Melton | Metro comparison |
|---|---|---|
| Clearance rate | 81.8% | 72.6% |
| Days on market | 50.5 | 43 |
Rental data
Median weekly rent
$400
Rental yield
4.4%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Melton | Metro comparison |
|---|---|---|
| 2 | - | $575 |
| 3 | $400 | $550 |
| 4 | $450 | $600 |
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