Melton South, VIC 3338

Melton South, VIC 3338

Compare Part of Melton

36.23 km
Distance from CBD
12 k
Population

Auction Times

Sat 23 Nov
 Auction Time Agency
3 Hunter Street
6 1 4 House
12:00 PM
Sat 23rd Nov		 First National Melton
1 Sturt Road
4 2 4 House
1:30 PM
Sat 23rd Nov		 Barry Plant
Sat 30 Nov
 Auction Time Agency
46 Second Avenue
3 1 2 House
2:30 PM
Sat 30th Nov		 Reliance Real Estate Melton
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
$217,500
 0.0% $155,000 $750,000 92
2010
$260,000
 +16.3% $148,680 $820,000 164
2011
$240,000
 -8.3% $175,000 $825,000 119
2012
$245,000
 +2.0% $23,500 $950,000 140
2013
$230,000
 -6.5% $130,000 $1,000,000 152
2014
$235,000
 +2.1% $126,100 $420,000 168
2015
$257,500
 +8.7% $125,000 $820,000 210
2016
$287,000
 +10.3% $1,000 $1,020,000 242
2017
$380,000
 +24.5% $232,000 $1,350,000 337
2018
$420,000
 +9.5% $190,000 $1,152,000 251
2019
$406,000
 -3.4% $275,000 $715,000 222
2020
$440,000
 +7.7% $282,000 $1,426,000 207
2021
$470,000
 +6.4% $304,000 $950,000 295
2022
$518,000
 +9.3% $310,000 $800,000 246
2023
$495,000
 -4.6% $340,000 $701,000 238
2024
$498,500
 +0.7% $330,000 $868,000 238
Median Sale Price
$495K
Based on 265 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
0.0%
Current Median Price: $495,000
Previous Median Price: $495,000
Based on 496 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
$250
 0.0% $200 $538 185
2012
$255
 +2.0% $200 $593 201
2013
$260
 +1.9% $200 $575 253
2014
$280
 +7.1% $200 $2,000 282
2015
$280
 0.0% $170 $550 277
2016
$300
 +6.7% $220 $580 275
2017
$320
 +6.3% $220 $520 491
2018
$330
 +3.0% $245 $550 395
2019
$340
 +2.9% $265 $1,474 429
2020
$340
 0.0% $250 $1,647 430
2021
$345
 +1.4% $270 $510 424
2022
$360
 +4.2% $265 $640 444
2023
$400
 +10.0% $220 $750 396
2024
$430
 +7.0% $230 $2,216 338
Median Rent Price
$425
per week
Based on 370 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+7.1%
Current Median Rent: $425
Previous Median Rent: $395
Based on 768 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.5%
Current Median Price: $495,000
Current Median rent: $425
Based on 635 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 South

Houses sold in Last 12 months ends 16 Nov 2024

$468K

Median Sale Price

49%

Clearance Rate

13/27

Sold/Reported

$663K

Highest Sale Price

Sold Price Range No. of Sold Properties
$600 K - $800 K 1
$400 K - $600 K
(Median Price Range)		 8
less than $400 K 1

Schools closest to Melton South, VIC 3338

School name Address Type Sector Distance
Melton South Primary School 34 - 46 EXFORD ROADMelton South 3338 Primary Government 0.47 km
St Anthony's Primary School WILSON RDMelton South 3338 Primary Catholic 0.58 km
Staughton College WILSON ROADMelton South 3338 Secondary Government 0.64 km
Coburn Primary School 26 RICHARD ROADMelton South 3338 Primary Government 1.31 km
Melton Christian College 152-156 BROOKLYN ROADMelton South 3338 Combined Independent 1.37 km
Melton West Primary School 4 WESTMELTON DRIVEMelton 3337 Primary Government 2.58 km