Melton, VIC 3337

Melton, VIC 3337

Compare Part of Melton

36.41 km
Distance from CBD
22 k
Population

Auction Times

Sat 11 Feb
Auction Time Agency
125 Barries Road
3 2 2 House
1:00 PM
Sat 11th Feb
Reliance Real Estate Melton
Median Sale Price
House
-
Updated on Nov 2022
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Nov 2022
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
$382,000
-7.3% $260,500 $1,060,000 148
2020
$390,000
+2.1% $300,000 $1,635,000 123
2021
$450,000
+13.3% $302,000 $1,730,000 191
2022
$500,000
+10.0% $305,000 $1,905,000 175
2023
$460,000
-8.7% $399,000 $465,000 5
Median Sale Price
$500K
Based on 171 recorded sales within the last 12 months
Updated on 31 Jan 2023
Suburb Growth
+9.0%
Current Median Price: $500,000
Previous Median Price: $455,000
Based on 363 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2022)
Price Range Segments (12 months ending Dec 2022)
Median Weekly Rent Price
House
-
Updated on Nov 2022
2 BR
-
3 BR
-
4 BR
-
Unit
-
Updated on Nov 2022
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 $550 205
2018
$320
+3.1% $240 $1,200 221
2019
$320
0.0% $260 $1,257 216
2020
$320
0.0% $250 $500 210
2021
$325
+1.5% $250 $1,369 236
2022
$340
+4.4% $220 $900 244
2023
-
- - - -
Median Rent Price
$340
per week
Based on 225 recorded rent within the last 12 months
Updated on 31 Jan 2023
Rent Price Growth
+2.9%
Current Median Rent: $340
Previous Median Rent: $330
Based on 462 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.5%
Current Median Price: $500,000
Current Median rent: $340
Based on 396 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2022)

Auction Results For Melton

Houses sold in Last 12 months ends 28 Jan 2023

$500K

Median Sale Price

96%

Clearance Rate

154/161

Sold/Reported

$1.51M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.4 M - $1.6 M 2
$800 K - $1 M 2
$600 K - $800 K 17
$400 K - $600 K
(Median Price Range)
124
less than $400 K 9

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