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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Melton South, the median property price for a house is currently 490,000 with annual capital growth of 1.24 . There were 237 house sales in the past 12 months. On average, houses spend 33 days on market.
If you're thinking about buying an investment property in Melton South, consider that rental yields for houses are currently 4.50 with an average median rent of 425 weekly. Houses have seen 0.20 growth in the past quarter, and 1.24 growth in the past 12 months.
The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years.
Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016.
In Melton South, the median property price for a unit is currently 360,000 with annual capital growth of -2.70 . There were 54 unit sales in the past 12 months. On average, units spend 32 days on market.
If you're thinking about buying an investment property in Melton South, consider that rental yields for units are currently 5.30 with an average median rent of 375 weekly. Units have seen -0.28 growth in the past quarter, and -2.70 growth in the past 12 months.
The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years.
Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016.
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| Key Market Data | House | Unit |
| Median price | 490,000 | 360,000 |
| Quarterly growth | +0.20 | -0.28 |
| 12-month growth | +1.24 | -2.70 |
| Average annual growth | +4.40 | +4.35 |
| Weekly median rent | 425 | 375 |
| Gross rental yield | 4.50 | 5.30 |
| Number of Sales (12m) | 237 | 54 |
| Avg. Days on Market (12m) | 33 | 32 |
| Key Demographics | 2011 | 2016 |
| Total population | 8,916 | 11,516 |
| Population change (5y) | +1.33 | +29.20 |
| Median household income (p/w) | 929 | 1,110 |
| Household income change (5y) | +8.28 | +19.48 |
| Median age of persons | 35 | 35 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Melton South was 11,516 in 2016, a +29.20 change compared to 2011.
The predominant age group in Melton South is 30-39 years.
The population of Melton South was 11,516 in 2016, a +29.20 change compared to 2011.
The predominant age group in Melton South is 20-29 years.
Most of the population in Melton South were born in Australia.
Most of the population in Melton South were born in Australia.
Most of the population in Melton South report their religion as No Religion.
Most of the population in Melton South report their religion as Catholic.
Most of the population in Melton South report their income range as between 78,000 and 130,000 .
The median household income in Melton South was 1,110 in 2016, a +19.48 change compared to 2011.
Most of the population in Melton South report their income range as between 31,000 and 52,000 .
The median household income in Melton South was 929 in 2011, a +8.28 change compared to 2006.
Most of the population in Melton South work as Trades.
Most of the population in Melton South work as Trades.
The chart below demonstrates the various levels of education in Melton South.
The chart below demonstrates the various levels of education in Melton South.
Most of the population in Melton South reached a qualification level of Certificate.
Most of the population in Melton South reached a qualification level of Certificate.
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