Auction Times
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 182 Station Road 3 1 3 House | 1:30 PM Sat 23rd Nov | Fletchers Melton |
| 182 Station Road 3 1 3 House | 1:30 PM Sat 23rd Nov | Fletchers Melton |
 | 36 Watson Court 4 1 2 House | 2:00 PM Sat 23rd Nov | First National Melton |
| 36 Watson Court 4 1 2 House | 2:00 PM Sat 23rd Nov | First National Melton |
Wed 27 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 4 Oldershaw Road 3 1 2 House | 6:00 PM Wed 27th Nov | Ray White |
| 4 Oldershaw Road 3 1 2 House | 6:00 PM Wed 27th Nov | Ray White |
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 11 Cassia Road 3 2 2 House | 1:30 PM Sat 30th Nov | Barry Plant |
| 11 Cassia Road 3 2 2 House | 1:30 PM Sat 30th Nov | Barry Plant |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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% | $375,000 | $2,040,000 | 158 |
Median Sale Price
$472K
Based on 179 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
+0.4%
Current Median Price: $472,000
Previous Median Price: $470,000
Based on 316 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | 246 |
| 2023 | $370 | +6.8% | $300 | $1,700 | 161 |
| 2024 | $400 | +7.5% | $325 | $1,200 | 138 |
Median Rent Price
$400
per week
Based on 159 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+10.0%
Current Median Rent: $400
Previous Median Rent: $360
Based on 323 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.4%
Current Median Price: $472,000
Current Median rent: $400
Based on 338 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Melton
Houses sold in Last 12 months ends 16 Nov 2024
$519K
Median Sale Price
42%
Clearance Rate
7/17
Sold/Reported
$980K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M | 1 | |
| $600 K - $800 K | 1 | |
| $400 K - $600 K (Median Price Range) | 5 | |
Similar Suburbs to Melton 3337
Based on median house sale price sold in last 12 months
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 |