Real Estate Melton, VIC, 3337
Thinking about buying in Melton? Now could not be a better time, with a whopping 5280 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $441,000 with prices in this suburb ranging from $240,000 to $5,130,000.
Distance to the coast is 25 Km.Melton Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Melton driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Melton due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Melton provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Melton necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Melton the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
About
Household makeup
| Median Weekly Rent | $328.50 |
| Median Monthly Mortgage | $1671.00 |
| Median Persons Per Bedroom | 0.78 |
| Average Household Size | 2.75 |
| Average Age | 39.00 |
| Average Income | $855.00 |
| Average Cars Per Dwelling | 2.51 |
| Average Properties Within 50M | 12.00 |
Typical Property Prices
| 2 Bed | $353,325 |
| 3 Bed | $518,237 |
| 4 Bed | $755,486 |
| 5 Bed | $637,147 |
| 6 Bed + | $554,778 |
Housing Stock
Houses for sale Melton
Local Schools
Melton Primary School
Melton West Primary School
Melton Specialist School
Kurunjang Primary School
Melton Secondary College
Kurunjang Secondary College
St Dominic's School
(While the above schools are located with the suburb of Melton there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Melton weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.3 | 14.5 | 27.7 | 34.8 | 87.0 | 5.5 | 24.3 |
| Feb | 1.3 | 14.4 | 27.0 | 37.6 | 88.5 | 5.2 | 20.4 |
| Mar | 1.3 | 13.1 | 24.6 | 39.8 | 88.6 | 5.0 | 15.9 |
| Apr | 1.4 | 10.4 | 20.9 | 43.7 | 90.6 | 4.9 | 11.9 |
| May | 1.2 | 8.2 | 16.9 | 51.3 | 90.8 | 5.4 | 8.6 |
| Jun | 1.4 | 6.2 | 14.1 | 58.9 | 93.2 | 5.2 | 7.3 |
| Jul | 1.0 | 5.9 | 13.7 | 56.0 | 91.4 | 6.2 | 7.7 |
| Aug | 1.2 | 6 | 14.7 | 49.2 | 90.3 | 6.1 | 10.3 |
| Sept | 1.6 | 7.4 | 17.7 | 42.8 | 89.4 | 6.1 | 14.5 |
| Oct | 1.6 | 8.8 | 20.7 | 39.2 | 90.1 | 5.6 | 18.6 |
| Nov | 1.9 | 10.7 | 22.9 | 38 | 90.3 | 5.4 | 21.7 |
| Dec | 1.7 | 12.6 | 25.5 | 35.7 | 88.6 | 5.4 | 25.3 |
source: Australian Government Bureau of Meteorology
Internet Speed
Fibre to the Basement (vectored or non-vectored)
Fibre to the Premises
Fixed Wireless
Satellite
Nearby Suburbs
Public Transport
General Points of Interest
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