Market snapshot
Suburb insights for Melton South3338
Change suburbMelton South is located 36 km west of the CBD. Bounded in the north by the Western Freeway Melton South is a residential and rural suburb which experienced rapid growth during the 1980s. A large proportion of the dwelling stock comprises of three bedrooms while larger family-type households are prominent. The suburb also features the Victoria University of Technology - Melton Campus Melton Private Hospital the Melton Reservoir and the Melton Municipal Waste Depot.
Sales data
Median sale price
$505k
Quarterly price change
4.8%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Melton South | Metro comparison |
|---|---|---|
| 2 | $370,000 | $902,000 |
| 3 | $454,000 | $807,500 |
| 4 | $584,500 | $950,000 |
| Insight | Melton South | Metro comparison |
|---|---|---|
| Clearance rate | 70% | 73.3% |
| Days on market | 44 | 42 |
Rental data
Median weekly rent
$420
Rental yield
4.5%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Melton South | Metro comparison |
|---|---|---|
| 2 | $360 | $560 |
| 3 | $400 | $550 |
| 4 | $470 | $595 |
Find a REIV member
Real estate professionals in your area with the right skills, the best knowledge and proven expertise.