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.
Recent sales and auction results in Melton
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 39 Lakewood Blvd, Melton | 3 |  | House (Res) | Auction Sale | 17/07/2024 | Professionals Ryder RE | View |
| 6 Myers Ct, Melton | 4 |  | House (Res) | Private Sale | 25/06/2024 | hockingstuart | View |
Sales data
Median sale price
$475k
Quarterly price change
1.5%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Melton | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $454,000 | $810,000 |
| 4 | $590,000 | $955,000 |
| Insight | Melton | Metro comparison |
|---|---|---|
| Clearance rate | 81.8% | 73.8% |
| Days on market | 48 | 42 |
Rental data
Median weekly rent
$380
Rental yield
4.2%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Melton | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $380 | $540 |
| 4 | - | $580 |
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