Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $260,000 | 0.0% | $185,000 | $892,000 | 112 |
| 2010 | $308,000 | +15.6% | $162,000 | $770,000 | 249 |
| 2011 | $315,000 | +2.2% | $200,000 | $597,000 | 193 |
| 2012 | $299,500 | -5.2% | $125,000 | $498,000 | 249 |
| 2013 | $305,000 | +1.8% | $181,000 | $645,000 | 264 |
| 2014 | $297,500 | -2.5% | $160,000 | $560,000 | 263 |
| 2015 | $315,000 | +5.6% | $193,000 | $570,000 | 366 |
| 2016 | $345,000 | +8.7% | $109,000 | $660,000 | 394 |
| 2017 | $416,000 | +17.1% | $190,000 | $1,600,000 | 491 |
| 2018 | $450,000 | +7.6% | $180,000 | $705,000 | 201 |
| 2019 | $420,000 | -7.1% | $240,000 | $730,000 | 170 |
| 2020 | $470,000 | +10.6% | $219,000 | $975,000 | 144 |
| 2021 | $515,000 | +8.7% | $293,000 | $1,550,000 | 241 |
| 2022 | $558,000 | +7.7% | $344,000 | $900,000 | 172 |
| 2023 | $550,000 | -1.5% | $325,000 | $935,000 | 168 |
| 2024 | $528,000 | -4.2% | $260,000 | $945,000 | 165 |
Median Sale Price
$528K
Based on 165 recorded sales within the last 12 months
Updated on 29 Dec 2024
Suburb Growth
-4.2%
Current Median Price: $528,000
Previous Median Price: $550,000
Based on 333 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $290 | 0.0% | $140 | $694 | 248 |
| 2012 | $280 | -3.6% | $199 | $599 | 263 |
| 2013 | $290 | +3.4% | $215 | $584 | 310 |
| 2014 | $300 | +3.3% | $235 | $2,000 | 292 |
| 2015 | $300 | 0.0% | $185 | $1,868 | 328 |
| 2016 | $320 | +6.3% | $240 | $650 | 325 |
| 2017 | $350 | +8.6% | $250 | $1,430 | 374 |
| 2018 | $350 | 0.0% | $250 | $530 | 251 |
| 2019 | $350 | 0.0% | $265 | $600 | 236 |
| 2020 | $350 | 0.0% | $260 | $1,517 | 200 |
| 2021 | $350 | 0.0% | $270 | $550 | 217 |
| 2022 | $360 | +2.8% | $249 | $650 | 226 |
| 2023 | $395 | +8.9% | $30 | $1,738 | 168 |
| 2024 | $430 | +8.1% | $335 | $630 | 131 |
Median Rent Price
$430
per week
Based on 131 recorded rent within the last 12 months
Updated on 29 Dec 2024
Rent Price Growth
+8.1%
Current Median Rent: $430
Previous Median Rent: $395
Based on 301 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $528,000
Current Median rent: $430
Based on 296 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Melton West
Houses sold in Last 12 months ends 28 Dec 2024
$521K
Median Sale Price
40%
Clearance Rate
6/15
Sold/Reported
$735K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K | 1 | |
| $400 K - $600 K (Median Price Range) | 5 | |
Similar Suburbs to Melton West 3337
Based on median house sale price sold in last 12 months
Schools closest to Melton West, VIC 3337
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Melton West Primary School | 4 WESTMELTON DRIVEMelton 3337 | Primary | Government | 0.55 km |
| Melton Secondary College | COBURNS ROADMelton 3337 | Secondary | Government | 0.64 km |
| Wedge Park Primary School | 27 CAMBRIAN WAYMelton West 3337 | Primary | Government | 1.08 km |
| Coburn Primary School | 26 RICHARD ROADMelton South 3338 | Primary | Government | 1.3 km |
| Melton Christian College | 152-156 BROOKLYN ROADMelton South 3338 | Combined | Independent | 1.66 km |