Auction Times
Sat 4 May | Auction Time | Agency | |
|---|---|---|---|
 | 71 Station Road 4 2 2 House | 1:30 PM Sat 4th May | Harcourts Tarneit | Truganina |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $215,000 | 0.0% | $155,000 | $750,000 | 92 |
| 2010 | $260,000 | +17.3% | $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 | $257,000 | +8.6% | $125,000 | $820,000 | 210 |
| 2016 | $287,000 | +10.5% | $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 | $468,000 | -5.8% | $360,000 | $868,000 | 80 |
Median Sale Price
$490K
Based on 256 recorded sales within the last 12 months
Updated on 26 Apr 2024
Suburb Growth
-3.1%
Current Median Price: $490,000
Previous Median Price: $505,000
Based on 458 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $340 | 0.0% | $270 | $510 | 424 |
| 2022 | $360 | +5.6% | $265 | $640 | 444 |
| 2023 | $395 | +8.9% | $220 | $750 | 395 |
| 2024 | $410 | +3.7% | $320 | $2,129 | 74 |
Median Rent Price
$400
per week
Based on 341 recorded rent within the last 12 months
Updated on 26 Apr 2024
Rent Price Growth
+8.8%
Current Median Rent: $400
Previous Median Rent: $365
Based on 781 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $490,000
Current Median rent: $400
Based on 597 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Melton South
Houses sold in Last 12 months ends 20 Apr 2024
$480K
Median Sale Price
78%
Clearance Rate
37/48
Sold/Reported
$810K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $800 K - $1 M | 1 | |
| $600 K - $800 K | 5 | |
| $400 K - $600 K (Median Price Range) | 29 | |
| less than $400 K | 2 | |
Similar Suburbs to Melton South 3338
Based on median house sale price sold in last 12 months
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 |