Auction Times
Sat 4 May | Auction Time | Agency | |
|---|---|---|---|
 | 28 Essex Drive 3 1 1 House | 12:00 PM Sat 4th May | Raine & Horne |
 | 44 O'neills Road 3 2 1 House | 1:00 PM Sat 4th May | Barry Plant |
Sat 11 May | Auction Time | Agency | |
|---|---|---|---|
 | 7 Corella Avenue 3 2 2 House | 3:30 PM Sat 11th May | Ray White Deer Park |
Median Sale Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 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 | $480,000 | +2.1% | $380,000 | $2,040,000 | 52 |
Median Sale Price
$475K
Based on 157 recorded sales within the last 12 months
Updated on 2 May 2024
Suburb Growth
-1.1%
Current Median Price: $475,000
Previous Median Price: $480,000
Based on 304 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2024)
Price Range Segments (12 months ending Apr 2024)
Median Weekly Rent Price
House
-
Updated on Mar 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Mar 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 | $320 | 0.0% | $260 | $1,257 | 216 |
| 2020 | $320 | 0.0% | $250 | $500 | 211 |
| 2021 | $330 | +3.0% | $250 | $1,369 | 241 |
| 2022 | $345 | +4.3% | $220 | $900 | 245 |
| 2023 | $370 | +6.8% | $300 | $1,700 | 161 |
| 2024 | $400 | +7.5% | $330 | $530 | 47 |
Median Rent Price
$380
per week
Based on 151 recorded rent within the last 12 months
Updated on 2 May 2024
Rent Price Growth
+7.9%
Current Median Rent: $380
Previous Median Rent: $350
Based on 366 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $475,000
Current Median rent: $380
Based on 308 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2024)
Auction Results For Melton
Houses sold in Last 12 months ends 27 Apr 2024
$460K
Median Sale Price
70%
Clearance Rate
21/30
Sold/Reported
$655K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K | 4 | |
| $400 K - $600 K (Median Price Range) | 17 | |
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 |