Suburb Profile
More Recent Sold in Melton West
| Address | Sold Date | Price |
|---|---|---|
| 1 Argyll Circuit, Melton West VIC | Apr 2019 | $395,000 |
| 17 Cambrian Way, Melton West VIC | Apr 2019 | $317,000 |
| 35 Chelmsford Way, Melton West VIC | Apr 2019 | $452,000 |
| 15 Panorama Drive, Melton West VIC | Apr 2019 | $570,000 |
| 23 Pamela Court, Melton West VIC | Apr 2019 | $410,000 |
More Recent Rent in Melton West
| Address | Rent Date | Price(per week) |
|---|---|---|
| 1 Berkley Place, Melton West VIC | Mar 2019 | $270 |
| 10 Noranda Circuit, Melton West VIC | Mar 2019 | $350 |
| 84 Westmelton Drive, Melton West VIC | Mar 2019 | $420 |
| 7 Chanticleer Avenue, Melton West VIC | Mar 2019 | $390 |
| 4 Pascoe Court, Melton West VIC | Mar 2019 | $400 |
Rent Yield in Melton West
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 1 | $379,667 | - | - | $385,000 | - | - | 12 |
| 2 | $449,889 | $290 | 3.35% | $428,000 | $295 | 3.58% | 31 |
| 3 | $419,981 | $328 | 4.06% | $420,000 | $330 | 4.09% | 152 |
| 4 | $507,899 | $378 | 3.87% | $494,200 | $380 | 4.00% | 130 |
| 5 | $621,333 | $435 | 3.64% | $550,000 | $390 | 3.69% | 12 |
| 6 | $574,750 | $450 | 4.07% | $580,000 | $450 | 4.03% | 5 |
| 7 | $650,000 | - | - | $650,000 | - | - | 1 |
| House | |||||||
| 1 | $382,100 | - | - | $385,000 | - | - | 10 |
| 2 | $457,560 | $300 | 3.41% | $430,000 | $310 | 3.75% | 28 |
| 3 | $439,998 | $328 | 3.88% | $429,000 | $330 | 4.00% | 84 |
| 4 | $512,276 | $371 | 3.77% | $491,750 | $370 | 3.91% | 76 |
| 5 | $583,000 | $447 | 3.99% | $550,000 | $390 | 3.69% | 6 |
| 6 | $573,000 | $450 | 4.08% | $580,000 | $450 | 4.03% | 4 |
| 7 | $650,000 | - | - | $650,000 | - | - | 1 |
| Unit/apmt | |||||||
| 1 | $335,000 | - | - | $335,000 | - | - | 1 |
| 2 | - | $260 | - | - | $260 | - | 1 |
| 3 | $315,000 | $322 | 5.32% | $315,000 | $328 | 5.41% | 7 |
| Other | |||||||
| 4 | $542,096 | - | - | $542,096 | - | - | 1 |
| Unknown | |||||||
| 1 | $400,000 | - | - | $400,000 | - | - | 1 |
| 2 | $354,000 | - | - | $354,000 | - | - | 2 |
| 3 | $401,276 | $329 | 4.26% | $395,000 | $330 | 4.34% | 61 |
| 4 | $500,852 | $388 | 4.03% | $494,900 | $380 | 3.99% | 53 |
| 5 | $659,667 | $423 | 3.33% | $550,000 | $390 | 3.69% | 6 |
| 6 | $580,000 | - | - | $580,000 | - | - | 1 |
Schools in Melton West
| School Name | School Sector | School Type |
|---|---|---|
| Catholic Regional College Melton | Catholic | Secondary |
| St Catherine's School | Catholic | Primary |
| Wedge Park Primary School | Government | Primary |
Crime Rate of Melton
| Crime Type | Rate of MELTON | Rate of VIC |
| Crime Against Property | 4,942 | 4,607 |
| Crime Against the Person | 1,111 | 940 |
| Drug Offences | 292 | 311 |
| Other Crime | 596 | 875 |
| Total | 6,941 | 6,733 |
Demographics of Melton West
| PopulationSize | Melton West | Melbourne |
| All People | 21941 | 3366613 |
| Country of Origin | Melton West | Melbourne |
| Australian Born | 81% | 65% |
| Born Overseas - Top 5 | Melton West | Melbourne |
| United Kingdom | 7% | 5% |
| Malta | 2% | 1% |
| New Zealand | 1% | 1% |
| Germany | 1% | 1% |
| Italy | 1% | 2% |
| Median household income | Melton West | Melbourne |
| Weekly income | $1,167 | $1,333 |
| Age Statistics | Melton West | Melbourne |
| 40 to 59 | 28% | 28% |
| 20 to 39 | 28% | 33% |
| 5 to 19 | 27% | 14% |
| 60+ | 9% | 17% |
| 0 to 4 | 7% | 7% |
| Family Statistics - Top 5 | Melton West | Melbourne |
| Married | 52% | 51% |
| Never Married | 33% | 33% |
| Divorced | 7% | 7% |
| Separated | 4% | 3% |
| Widowed | 4% | 6% |
| Religion - Top 5 | Melton West | Melbourne |
| Catholic | 37% | 33% |
| No Religion | 22% | 19% |
| Anglican | 20% | 16% |
| Uniting Church | 7% | 5% |
| Presbyterian and Reformed | 4% | 3% |
| Occupation - Top 5 | Melton West | Melbourne |
| Intermediate Clerical/Sales/Service | 8% | 7% |
| Tradespersons and Related Workers | 7% | 6% |
| Intermediate Production and Transport | 5% | 4% |
| Associate Professional | 5% | 5% |
| Elementary Clerical/Sales/Service | 4% | 4% |
| Education - Top 5 | Melton West | Melbourne |
| Not Attending (Working) | 71% | 73% |
| Infants/Primary | 12% | 9% |
| Secondary Education | 10% | 7% |
| University or other Tertiary Institution | 3% | 5% |
| Technical or Further Education | 2% | 3% |
| Transport to Work - Top 5 | Melton West | Melbourne |
| Car (driver) | 28% | 28% |
| Car (passenger) | 3% | 3% |
| Train & Other | 2% | 1% |
| Worked at home | 1% | 2% |
| Train Only | 1% | 2% |
| Type of Dwelling - Top 3 | Melton West | Melbourne |
| Separate house | 93% | 74% |
| Flat | 4% | 14% |
| Semi/Terrace | 1% | 8% |
| Nature of Occupancy - Top 3 | Melton West | Melbourne |
| Purchasing | 45% | 27% |
| Fully Owned | 35% | 43% |
| Rented | 15% | 24% |
| Monthly Loan Repayment - Top 5 | Melton West | Melbourne |
| $600-$799 | 26% | 21% |
| $800-$999 | 21% | 19% |
| $400-$599 | 20% | 16% |
Supply Demand History in Melton West
| Month | Supply | Demand |
|---|---|---|
| 2015 Apr | 397 | 4301 |
| 2015 May | 366 | 4584 |
| 2015 Jun | 368 | 4343 |
| 2015 Jul | 355 | 4181 |
| 2015 Aug | 341 | 3704 |
| 2015 Sep | 343 | 3417 |
| 2015 Oct | 374 | 3758 |
| 2015 Nov | 341 | 3441 |
| 2015 Dec | 307 | 2936 |
| 2016 Jan | 318 | 3869 |
| 2016 Feb | 345 | 4280 |
| 2016 Mar | 366 | 3943 |
| 2016 Apr | 368 | 4417 |
Based on Australian Bureau of Statistics data
Melton West, VIC 3337
(38.16 km to CBD)
- Median House Price: $450,000
- Median Unit Price: $382,000
Surrounding Suburbs
Selected Demographics of Melton West
- 6720 Number of House
- 575 Number of Unit
- 21941 Number of People
- 30 Median Age
- 2.9 Median Household Size
- $265 Weekly Rent
- $611 Weekly Individual Income
- $1,418 Weekly Family Income
- $1,296 Weekly Household Income
- $450,000 Median Asking Price
- $350 Median Rent
- 0.04% Rent Yield
- 131 Stock On Sale
- 0.79% Vacancy Rate
- 366 Average Supply
- 4101 Average Demand
- 11.19 Supply Demand Ratio
Leading Agencies (Sale)
Barry Plant - Melton 12%
Hocking Stuart Melton - MELTON 11%
Professionals Ryder Real Estate - Melton 10%
YPA Estate Agents - Melton 10%
Raine & Horne - Melton 7%
PRDnationwide - Melton 7%
Stockdale & Leggo - Melton 6%
Ray White - Melton 6%
Sweeney Estate Agents - Melton 4%
Eric Kontek Real Estate Pty Ltd - Melton 3%
Leading Agents (Rent)
| Agent Name | Percentage |
|---|---|
| Raine & Horne - Melton | 17% |
| First National Real Estate Tim Farnan - MELTON | 7% |
| Eric Kontek Real Estate Pty Ltd - Melton | 6% |
| YPA Estate Agents - Melton | 6% |
| Professionals Ryder Real Estate - Melton | 6% |
| Ray White - Melton | 6% |
| Stockdale & Leggo - Melton | 5% |
| RUN Property - Essendon | 5% |
| Taylors Real Estate Agents - Delahey | 4% |
| Barry Plant - Melton | 3% |
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