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
$526k
Quarterly price change
-3.5%
Metro Melbourne Comparison
$924k
0.4%
| Bedrooms | Melton South | Metro comparison |
|---|---|---|
| 2 | - | $890,000 |
| 3 | $500,000 | $815,000 |
| 4 | $600,000 | $950,000 |
| Insight | Melton South | Metro comparison |
|---|---|---|
| Clearance rate | 92.9% | 79.5% |
| Days on market | 40.5 | 39 |
Rental data
Median weekly rent
$430
Rental yield
4.2%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Melton South | Metro comparison |
|---|---|---|
| 2 | $350 | $580 |
| 3 | $410 | $550 |
| 4 | $460 | $600 |
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