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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Recent Sales & Auction Results in Melton

Address Price Type Method Sale Date Agent
Property List
11 Barries Rd, Melton 3 House (Res) Auction Sale 18/12/2021 Sweeney
4 Brixton Pl, Melton 3 House (Res) Auction Sale 18/12/2021 Hodges
506 High St, Melton 3 House (Res) Passed in Vendor Bid 16/12/2021 Ray White Deer Park
8 Carina Dr, Melton 3 House (Res) Auction Sale 15/12/2021 Harcourts Deer Park/Cairnlea

Median data for September Quarter 2021. Click here for details.

Median Sale Price

$510k

Metro Melbourne

$1.07mil

Quarterly Price Change

16.2%

Metro Melbourne

6%

Median Rent

$320

Metro Melbourne

$480

Rental Yield

3.8%

Metro Melbourne

2.5%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 89.1%
Days on Market 37 42
Median price by Bedrooms Suburb Metro
2 Bedrooms n/a $1,000,000
3 Bedrooms $430,000 $871,500
4 Bedrooms $453,000 $1,085,000

Rental Data

Median rent by Bedrooms Suburb Metro
2 Bedrooms n/a $500
3 Bedrooms $320 $450
4 Bedrooms n/a $500

Median data for September Quarter 2021. Click here for details.

Median Sale Price

$349k

Metro Melbourne

$666k

Annual Price Change

10.8%

Metro Melbourne

5.6%

Median Rent

$290

Metro Melbourne

$400

Rental Yield

4.3%

Metro Melbourne

3.1%

Sales Data

Insight (Houses & Units) Suburb Metro
Clearance Rate n/a 89.1%
Days on Market 37 42
Median price by Bedrooms Suburb Metro
1 Bedroom n/a $395,000
2 Bedrooms $342,250 $615,000
3 Bedrooms n/a $845,000

Rental Data

Median rent by Bedrooms Suburb Metro
1 Bedroom n/a $325
2 Bedrooms n/a $410
3 Bedrooms n/a $520

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