Suburb Profile
More Recent Sold in Melton South
| Address | Sold Date | Price |
|---|---|---|
| 3 Avonmore Way, Melton South VIC | Aug 2019 | $578,000 |
| 27 Gem Crescent, Melton South VIC | Aug 2019 | $505,000 |
| Lot, 206 Growth Drive, Melton South VIC | Aug 2019 | $240,000 |
| 47/62 Andrew Street, Melton South VIC | Aug 2019 | $292,000 |
| 135 Bridge Road, Melton South VIC | Aug 2019 | $445,000 |
More Recent Rent in Melton South
| Address | Rent Date | Price(per week) |
|---|---|---|
| 22 Jade Crescent, Melton South VIC | Jul 2019 | $345 |
| 8 Brooklyn Road, Melton South VIC | Jul 2019 | $320 |
| 3 Amethyst, Melton South VIC | Jul 2019 | $400 |
| 53 Stockwell Street, Melton South VIC | Jul 2019 | $280 |
| 5/84 Albert Drive, Melton South VIC | Jul 2019 | $290 |
Rent Yield in Melton South
| Beds | Average Price | Average Rent | Average Rent Yield% | Median Price | Median Rent | Median Rent Yield% | Listings |
|---|---|---|---|---|---|---|---|
| ALL | |||||||
| 1 | $353,143 | - | - | $365,000 | - | - | 21 |
| 2 | $408,373 | $281 | 3.58% | $429,000 | $280 | 3.39% | 96 |
| 3 | $394,571 | $317 | 4.18% | $397,950 | $320 | 4.18% | 336 |
| 4 | $482,781 | $357 | 3.85% | $488,127 | $360 | 3.84% | 286 |
| 5 | $489,500 | $433 | 4.60% | $495,000 | $430 | 4.52% | 15 |
| 6 | $544,500 | $550 | 5.25% | $544,500 | $550 | 5.25% | 3 |
| 7 | $1 | - | - | $1 | - | - | 2 |
| House | |||||||
| 1 | $382,571 | - | - | $380,000 | - | - | 14 |
| 2 | $437,223 | $288 | 3.43% | $451,256 | $290 | 3.34% | 64 |
| 3 | $384,570 | $318 | 4.30% | $390,000 | $320 | 4.27% | 174 |
| 4 | $457,105 | $356 | 4.05% | $448,000 | $360 | 4.18% | 110 |
| 5 | $482,000 | $470 | 5.07% | $477,000 | $460 | 5.01% | 9 |
| 6 | - | $550 | - | - | $550 | - | 1 |
| Unit/apmt | |||||||
| 1 | $302,500 | - | - | $299,500 | - | - | 6 |
| 2 | $296,000 | $281 | 4.94% | $289,500 | $280 | 5.03% | 15 |
| 3 | $329,250 | $309 | 4.88% | $319,500 | $310 | 5.05% | 11 |
| 4 | - | $300 | - | - | $300 | - | 1 |
| Townhouse | |||||||
| 3 | - | $310 | - | - | $310 | - | 2 |
| Other | |||||||
| 1 | $245,000 | - | - | $245,000 | - | - | 1 |
| 3 | $424,831 | - | - | $429,633 | - | - | 50 |
| 4 | $492,735 | - | - | $493,800 | - | - | 96 |
| 5 | $488,750 | - | - | $488,750 | - | - | 2 |
| Unknown | |||||||
| 2 | $303,778 | $275 | 4.71% | $299,000 | $270 | 4.70% | 17 |
| 3 | $374,832 | $315 | 4.37% | $379,500 | $310 | 4.25% | 99 |
| 4 | $480,075 | $362 | 3.92% | $487,014 | $370 | 3.95% | 79 |
| 5 | $505,000 | $320 | 3.30% | $510,000 | $320 | 3.26% | 4 |
| 6 | $544,500 | - | - | $544,500 | - | - | 2 |
| 7 | $1 | - | - | $1 | - | - | 2 |
Schools in Melton South
| School Name | School Sector | School Type |
|---|---|---|
| Coburn Primary School | Government | Primary |
| Melton Christian College | Independent | Combined |
| Melton South Primary School | Government | Primary |
| St Anthony's Primary School | Independent | Primary |
| Staughton College | Government | Secondary |
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 South
| PopulationSize | Melton South | Melbourne |
| All People | 11867 | 3366613 |
| Country of Origin | Melton South | Melbourne |
| Australian Born | 83% | 65% |
| Born Overseas - Top 5 | Melton South | Melbourne |
| United Kingdom | 6% | 5% |
| Malta | 2% | 1% |
| New Zealand | 1% | 1% |
| Germany | 1% | 1% |
| Italy | 1% | 2% |
| Median household income | Melton South | Melbourne |
| Weekly income | $1,096 | $1,333 |
| Age Statistics | Melton South | Melbourne |
| 20 to 39 | 29% | 33% |
| 40 to 59 | 28% | 28% |
| 5 to 19 | 27% | 14% |
| 60+ | 8% | 17% |
| 0 to 4 | 7% | 7% |
| Family Statistics - Top 5 | Melton South | Melbourne |
| Married | 49% | 51% |
| Never Married | 34% | 33% |
| Divorced | 8% | 7% |
| Separated | 5% | 3% |
| Widowed | 4% | 6% |
| Religion - Top 5 | Melton South | Melbourne |
| Catholic | 38% | 33% |
| No Religion | 22% | 19% |
| Anglican | 20% | 16% |
| Uniting Church | 6% | 5% |
| Presbyterian and Reformed | 3% | 3% |
| Occupation - Top 5 | Melton South | Melbourne |
| Intermediate Clerical/Sales/Service | 8% | 7% |
| Tradespersons and Related Workers | 7% | 6% |
| Intermediate Production and Transport | 5% | 4% |
| Elementary Clerical/Sales/Service | 4% | 4% |
| Associate Professional | 4% | 5% |
| Education - Top 5 | Melton South | Melbourne |
| Not Attending (Working) | 71% | 73% |
| Infants/Primary | 12% | 9% |
| Secondary Education | 10% | 7% |
| Technical or Further Education | 2% | 3% |
| University or other Tertiary Institution | 2% | 5% |
| Transport to Work - Top 5 | Melton South | Melbourne |
| Car (driver) | 26% | 28% |
| Car (passenger) | 3% | 3% |
| Train Only | 3% | 2% |
| Train & Other | 1% | 1% |
| Worked at home | 1% | 2% |
| Type of Dwelling - Top 3 | Melton South | Melbourne |
| Separate house | 88% | 74% |
| Flat | 7% | 14% |
| Semi/Terrace | 3% | 8% |
| Nature of Occupancy - Top 3 | Melton South | Melbourne |
| Purchasing | 44% | 27% |
| Fully Owned | 32% | 43% |
| Rented | 19% | 24% |
| Monthly Loan Repayment - Top 5 | Melton South | Melbourne |
| $600-$799 | 31% | 21% |
| $400-$599 | 22% | 16% |
| $200-$399 | 17% | 8% |
Supply Demand History in Melton South
| Month | Supply | Demand |
|---|---|---|
| 2015 Apr | 485 | 2590 |
| 2015 May | 488 | 2773 |
| 2015 Jun | 529 | 2924 |
| 2015 Jul | 594 | 3035 |
| 2015 Aug | 597 | 2821 |
| 2015 Sep | 574 | 2798 |
| 2015 Oct | 634 | 2758 |
| 2015 Nov | 573 | 2979 |
| 2015 Dec | 506 | 2284 |
| 2016 Jan | 523 | 2953 |
| 2016 Feb | 588 | 3306 |
| 2016 Mar | 653 | 3283 |
| 2016 Apr | 627 | 3075 |
Based on Australian Bureau of Statistics data
Melton South, VIC 3338
(36.23 km to CBD)
- Median House Price: $415,000
- Median Unit Price: $300,000
Surrounding Suburbs
Selected Demographics of Melton South
- 5489 Number of House
- 867 Number of Unit
- 11867 Number of People
- 36 Median Age
- 2.5 Median Household Size
- $220 Weekly Rent
- $469 Weekly Individual Income
- $1,060 Weekly Family Income
- $924 Weekly Household Income
- $411,000 Median Asking Price
- $330 Median Rent
- 0.04% Rent Yield
- 134 Stock On Sale
- 1.39% Vacancy Rate
- 644 Average Supply
- 3214 Average Demand
- 4.99 Supply Demand Ratio
Leading Agencies (Sale)
Barry Plant - Melton 11%
Lend Lease Communities (Atherstone) P/L 10%
Hocking Stuart Melton - MELTON 8%
Professionals Ryder Real Estate - Melton 7%
YPA Estate Agents - Melton 7%
Ray White - Melton 6%
Raine & Horne - Melton 6%
Stockdale & Leggo - Melton 5%
Reliance Real Estate Melton - MELTON 4%
PRDnationwide - Melton 4%
Leading Agents (Rent)
| Agent Name | Percentage |
|---|---|
| Raine & Horne - Melton | 13% |
| Stockdale & Leggo - Melton | 10% |
| First National Real Estate Tim Farnan - MELTON | 10% |
| Professionals Ryder Real Estate - Melton | 7% |
| Barry Plant - Melton | 7% |
| Ray White - Melton | 6% |
| Parktrent Properties Group - Prahran | 5% |
| YPA Estate Agents - Melton | 4% |
| PRD Jens Gaunt - Melton | 3% |
| Metro Property Management Pty Ltd - Balwyn | 3% |
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