Melton, VIC 3337

Melton, VIC 3337

Compare Part of Melton

36.41 km
Distance from CBD
22 k
Population

Auction Times

Wed 31 Jul
 Auction Time Agency
56 Corella Avenue
3 1 2 House
6:00 PM
Wed 31st Jul		 Ray White
Sat 10 Aug
 Auction Time Agency
17 Marina Drive
3 1 1 House
1:00 PM
Sat 10th Aug		 Hocking Stuart Melton
42 Vista Drive
3 1 2 House
2:30 PM
Sat 10th Aug		 Reliance Real Estate Melton
Median Sale Price
House
-
Updated on May 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on May 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$239,000
 0.0% $160,000 $630,000 338
2010
$285,607
 +16.3% $70,000 $1,750,000 625
2011
$268,000
 -6.6% $122,500 $1,860,000 219
2012
$250,000
 -7.2% $103,000 $810,000 175
2013
$250,000
 0.0% $143,000 $1,650,000 162
2014
$245,000
 -2.0% $100,000 $772,000 202
2015
$255,000
 +3.9% $178,000 $800,000 184
2016
$280,000
 +8.9% $178,000 $826,000 163
2017
$365,000
 +23.3% $230,000 $2,350,000 255
2018
$410,000
 +11.0% $250,500 $1,100,000 184
2019
$385,000
 -6.5% $260,500 $1,060,000 162
2020
$390,000
 +1.3% $300,000 $1,635,000 142
2021
$450,000
 +13.3% $302,000 $1,730,000 225
2022
$500,000
 +10.0% $305,000 $2,000,000 180
2023
$470,000
 -6.4% $340,000 $1,500,000 145
2024
$475,000
 +1.1% $380,000 $2,040,000 98
Median Sale Price
$479K
Based on 167 recorded sales within the last 12 months
Updated on 28 Jul 2024
Suburb Growth
+1.9%
Current Median Price: $479,000
Previous Median Price: $470,000
Based on 310 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jun 2024)
Price Range Segments (12 months ending Jun 2024)
Median Weekly Rent Price
House
-
Updated on May 2024
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on May 2024
1 BR
-
2 BR
-
3 BR
-
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$270
 0.0% $170 $600 395
2012
$260
 -3.8% $180 $585 348
2013
$260
 0.0% $200 $550 363
2014
$265
 +1.9% $185 $699 239
2015
$270
 +1.9% $180 $1,300 279
2016
$285
 +5.3% $225 $550 204
2017
$310
 +8.1% $210 $550 206
2018
$320
 +3.1% $240 $1,200 221
2019
$325
 +1.5% $260 $1,257 216
2020
$320
 -1.6% $250 $500 211
2021
$330
 +3.0% $250 $1,369 241
2022
$345
 +4.3% $220 $900 245
2023
$370
 +6.8% $300 $1,700 161
2024
$400
 +7.5% $325 $560 77
Median Rent Price
$400
per week
Based on 142 recorded rent within the last 12 months
Updated on 28 Jul 2024
Rent Price Growth
+11.3%
Current Median Rent: $400
Previous Median Rent: $355
Based on 328 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.3%
Current Median Price: $479,000
Current Median rent: $400
Based on 309 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jun 2024)

Auction Results For Melton

Houses sold in Last 12 months ends 27 Jul 2024

$489K

Median Sale Price

37%

Clearance Rate

7/19

Sold/Reported

$645K

Highest Sale Price

Sold Price Range No. of Sold Properties
$600 K - $800 K 2
$400 K - $600 K
(Median Price Range)		 5

Schools closest to Melton, VIC 3337

School name Address Type Sector Distance
St Dominic's Primary School CHURCH STMelton 3337 Primary Catholic 0.28 km
Melton Primary School 10 UNITT STREETMelton 3337 Primary Government 0.4 km
Kurunjang Secondary College KURUNJANG DRIVEMelton 3337 Secondary Government 1.19 km
Kurunjang Primary School 37-45 MOWBRAY CRESCENTMelton 3337 Primary Government 1.28 km
Coburn Primary School 26 RICHARD ROADMelton South 3338 Primary Government 1.48 km
Melton Secondary College COBURNS ROADMelton 3337 Secondary Government 1.42 km