All About Melton, VIC, 3337
Melton, located in Victoria, Australia, offers a unique snapshot of the suburban housing market with its blend of affordability and growth potential. In recent years, Melton has experienced a moderate increase in property values, reflecting broader trends observed in suburban Melbourne areas. The housing market in Melton is characterized by a diverse range of options, including traditional single-family homes, newer townhouses, and a few apartment developments which cater to a wide demographic. This variety offers opportunities for first-home buyers, investors, and families looking to settle in a more spacious environment compared to the inner city. The relatively lower cost of housing compared to central Melbourne attracts many to the region, especially given its accessibility to the city via public transportation and major roads, offering a balance between cost-effectiveness and connectivity.
Living in Melton presents a lifestyle that blends suburban tranquility with growing urban amenities. The area is rich in community resources, including parks, recreational facilities, and a variety of shopping and dining options. Its rapidly developing infrastructure supports a family-friendly atmosphere, with numerous schools and community centers driving a tight-knit and supportive community culture. Nature enthusiasts appreciate the proximity to scenic landscapes like the Melton Botanic Gardens and nearby hiking trails. Residents enjoy a slower pace of life compared to the bustling city center, complemented by ongoing development projects that continue to enhance the livability of the area. As Melton continues to evolve, it retains a sense of openness and opportunity, making it an attractive location for a diverse population seeking both convenience and comfort.
Household Makeup
| Median Weekly Rent | $296.64 |
| Median Monthly Mortgage | $1241.14 |
| Median Persons Per bed houseroom | 0.73 |
| Average Household Size | 2.29 |
| Average Age | 40.07 |
| Average Income | $540.64 |
| Average Cars Per Dwelling | 1.46 |
| Average Properties Within 50M | 12 |
| Typical 1 bed house | $541,000 |
| Typical 2 bed house | $464,000 |
| Typical 3 bed house | $612,000 |
| Typical 4 bed house | $769,000 |
| Typical 5 bed house | $928,000 |
| Typical 6 bed+ house | $877,000 |
Housing Stock
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Melton Real Estate Market Outlook
Thinking about buying in Melton? Now could not be a better time, with 5406 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $635,000 with prices in this suburb ranging from $124,000 to $2,844,000. The aproximate distance to the coast is 25 Km.
In Melton there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Melton is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Melton leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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. Lower than average industry presence in Melton we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Melton a better buying opportunity than it may have been in the past.
Instant Property ValuationLocal Schools
Melton Primary School
St Dominic's School
Melton Specialist School
Melton West Primary School
Melton Secondary College
Kurunjang Secondary College
Coburn Primary School
Kurunjang Primary School
Wedge Park Primary School
Melton Christian College
(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 | 0.7 | 14.5 | 32.0 | 23.9 | 82.7 | 5.4 | 26.1 |
| Feb | 1.1 | 14.4 | 31.7 | 25.7 | 85.4 | 4.9 | 24 |
| Mar | 0.6 | 12.3 | 28.7 | 27.6 | 87.2 | 4.5 | 19.1 |
| Apr | 0.9 | 9.6 | 24.8 | 32.4 | 85.5 | 4.3 | 15.2 |
| May | 1.2 | 7.2 | 19.4 | 44.8 | 91.3 | 4.4 | 11.4 |
| Jun | 1.8 | 5.7 | 16.0 | 55.3 | 94.0 | 4.7 | 9.6 |
| Jul | 1.4 | 5.0 | 15.4 | 59.2 | 95.4 | 4.9 | 9.9 |
| Aug | 1.4 | 4.1 | 16.7 | 50.7 | 94.6 | 4.7 | 12.8 |
| Sept | 0.7 | 5.2 | 21.4 | 35.8 | 93.7 | 4.9 | 17.6 |
| Oct | 0.9 | 7.4 | 24.2 | 30.1 | 91.7 | 4.9 | 21.6 |
| Nov | 0.7 | 9.7 | 27.5 | 23.6 | 87.4 | 5 | 25.4 |
| Dec | 0.9 | 12.4 | 30.9 | 21.4 | 83.7 | 5.1 | 28.7 |
source: Australian Government Bureau of Meteorology
Public Transport
Wallaroo - Greater then 10KM
Nearby Suburbs
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