Melton

Melton is a suburb in Greater Melbourne, located 35 km west of the CBD. Melton was only considered a small town until very recently, but the region experienced rapid growth since the 90s, and the suburbs is now home to 60,000 residents.

Melton has attracted new residents in a very fast pace thanks to its very competitive property prices, great schools and childcare options, green areas, and medical facilities. You can enjoy a variety of high class gyms, recreational activities such as tennis, golf, swimming pools, bowls, squash, horse riding, soccer and football, to name a few. There are also many good options if you are looking for a place with a nightlife, with several bars and night clubs open until late.

Median Sale Price
$408 k
Based on 197 recorded House sales within the last 12 month

Based on a rolling 12 month period and may differ from calendar year statistics

Suburb Growth
+26.9%
Current Median Price: $408000
Previous Median Price: $321500

Based on 413 recorded House sales compared over the last two rolling 12 month periods

Sales Statistics (Houses)

Demographics

585 Single Parent Families 28%
42 Other Familes 2%
693 Couples Without Children 33%
769 Couples With Children 37%

Work

Melton have great options for the young professional who is looking to advance in the career. The low cost of living together with great possibilities to find jobs in diverse fields in Greater Melbourne, makes Melton the attractive suburb it is today.

Household Income - Weekly

Employment

Method of Travel to Work (2016)

  • Train
    112(4)%
  • Bus
    20(1)%
  • ferry
    0(0)%
  • Tram( other light rail) ()%
  • Car
    ()%
  • Moterbike/Truck
    ()%
  • Bicycle
    8(0)%
  • Walked Only
    ()%
  • Other 15(1)%

Properties For Rent

4 BARRIES ROAD

$295

580m2

  • 3
  • 1
  • 2

18 FROBISHER STREET

$310

580m2

  • 3
  • 1
  • 2

110 PALMERSTON STREET

$350 per week

580m2

  • 4
  • 2
  • 1

43 VISTA DRIVE

$310

580m2

  • 4
  • 1

504 HIGH STREET

$320

580m2

  • 3
  • 1
  • 2

29/41 -45 GRETEL GROVE

$270

216m2

  • 3
  • 1
  • 1

12 HAYNES COURT

$370 per week

580m2

  • 3
  • 2
  • 2

46 MARINA DRIVE

$280

580m2

  • 3
  • 1
  • 2

26 WATSON COURT

$290

580m2

  • 3
  • 1
  • 3

71 GRETEL GROVE

$330 per week

644m2

  • 3
  • 1
  • 2

Median Weekly Rents

House

Suburb Sale Price Growth
26.9%
Current Median Price: $408,000 Previous Median Price: $321,500

Based on 413 recorded House sales compared over the last two rolling month periods

Suburb Rental Yield
4.0%
Current Median Price: $408,000 Current Median Rent: $310

Based on 208 recorded House sales compared over the last two rolling 12 month periods

Unit

Suburb Sale Price Growth
34.8%
Current Median Price: $310,000 Previous Median Price: $230,000

Based on 80 recorded House sales compared over the last two rolling 12 month periods

Suburb Rental Yield
4.9%
Current Median Price: $310,000 Current Median Rent: $290

Based on 34 recorded House sales compared over the last two rolling 12 month periods

Recently Sold Properties

6/28 PALMERSTON STREET

*$290,000

196m2

  • 2
  • 1
  • 1

21 OLDERSHAW ROAD

*$392,000

580m2

  • 3
  • 2
  • 1

192 STATION ROAD

*$485,000

670m2

  • 3
  • 2
  • 2

17 OLDERSHAW ROAD

*$460,000

570m2

  • 3
  • 2
  • 1

466 HIGH STREET

*$470,000

583m2

  • 3
  • 1
  • 1

96 PALMERSTON STREET

*$356,000

592m2

  • 3
  • 1
  • 2

31 TERN COURT

*$390,000

580m2

  • 3
  • 2
  • 1

78 DARLINGSFORD BOULEVARD

*$507,500

628m2

  • 3
  • 2
  • 2

15 O'NEILLS ROAD

*$300,000

0m2

  • 2
  • 1
  • 1

48 FROBISHER STREET

*$415,000

584m2

  • 3
  • 2
  • 4