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.
Recent sales and auction results in Melton South
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 23 Clowes St, Melton south | 3 |  | House (Res) | Sold Before Auction | 3/07/2024 | Bells Real Estate | View |
Sales data
Median sale price
$481k
Quarterly price change
5.8%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Melton South | Metro comparison |
|---|---|---|
| 2 | $401,000 | $902,500 |
| 3 | $454,500 | $810,000 |
| 4 | $585,000 | $955,000 |
| Insight | Melton South | Metro comparison |
|---|---|---|
| Clearance rate | 80% | 73.8% |
| Days on market | 44.5 | 42 |
Rental data
Median weekly rent
$400
Rental yield
4.3%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Melton South | Metro comparison |
|---|---|---|
| 2 | $350 | $550 |
| 3 | $380 | $540 |
| 4 | $450 | $580 |
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