Auction Times
Wed 24 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 35 Gleneagles Drive 4 2 4 House | 6:00 PM Wed 24th Apr | Fletchers Melton |
 | 2 Raheen Place 4 1 2 House | 6:30 PM Wed 24th Apr | Professionals Ryder Real Estate |
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 | $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 | 171 |
| 2023 | $550,000 | -1.5% | $325,000 | $935,000 | 168 |
| 2024 | $500,000 | -10.0% | $390,000 | $669,888 | 49 |
Median Sale Price
$540K
Based on 171 recorded sales within the last 12 months
Updated on 20 Apr 2024
Suburb Growth
-3.1%
Current Median Price: $540,000
Previous Median Price: $557,000
Based on 323 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 | $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 | $390 | +7.7% | $30 | $1,738 | 168 |
| 2024 | $420 | +7.1% | $360 | $560 | 32 |
Median Rent Price
$400
per week
Based on 148 recorded rent within the last 12 months
Updated on 20 Apr 2024
Rent Price Growth
+10.0%
Current Median Rent: $400
Previous Median Rent: $360
Based on 355 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.9%
Current Median Price: $540,000
Current Median rent: $400
Based on 319 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 West
Houses sold in Last 12 months ends 13 Apr 2024
$530K
Median Sale Price
93%
Clearance Rate
60/65
Sold/Reported
$775K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K | 14 | |
| $400 K - $600 K (Median Price Range) | 45 | |
| less than $400 K | 1 | |
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 |