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City of Melton

Melton

Melton Property Market
& Suburb Profile

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MEDIAN PRICES IN MELTON

Median house price

(all agencies, last 12 months)$503k*

House price change

(all agencies, last 12 months)+6.97%

Median unit price

(all agencies, last 12 months)$390k*

Unit price change

(all agencies, last 12 months)+2.63%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

MELTON price TRACKER

HousesUnits

Melton sales overview

  • Sold by Auction 50%
  • Sold by Private Sale or Other Method 50%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)30

Average days on market (units)

(all agencies, 12 months)34

Auction clearance rate in Melton

(all agencies, last 12 months)50%

Average held period in Melton

(proptrack)11 years

Melton Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$417pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$384pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.98%

Average rental yield for Units

(all agencies, last 12 months)4.92%

Melton total population size

(as at the last census)7,953

Median household size in Melton

(as at the last census)2.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Melton property types

  • Houses 57%
  • Units 10%
  • Other 33%

OCCUPANCY in Melton

  • Owned 62%
  • Rented 34%
  • Other/Not Stated 4%
  • Singles 33%
  • Families 64%
  • Other 3%

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About Melton

Melton is a large, historically significant, and rapidly developing major regional centre located approximately 35 to 40 kilometres west of the Melbourne CBD, offering a self-sufficient, convenient lifestyle and a highly accessible entry point into the western property market.

Historically a separate town, Melton now functions as a vital hub in the western growth corridor, defined by a strong mix of established residential areas and significant new housing developments that appeal to both long-term residents and new families.

Life is highly convenient, centred on the major commercial precincts, notably the Woodgrove Shopping Centre and the Melton Central Shopping Centre, which provide extensive retail, dining, and essential services, ensuring the suburb is largely self-sufficient.

Education is a key strength, with numerous highly regarded institutions, including Melton Secondary College and the Victoria University TAFE Campus, catering to the large family and student demographic.

Connectivity is robust for commuters, as the suburb is serviced by the major Melton Train Station on the Ballarat V/Line corridor, which is currently undergoing upgrades to increase capacity, alongside excellent vehicular access to the Western Freeway for a straightforward route to the city.

For investors, Melton presents a very attractive market due to its comparatively low entry price, its status as a major regional hub, and consistent rental demand driven by its strategic location and comprehensive amenities.

Education

Djerriwarrh Community & Education Services - Djerriwarrh Community College
Kurunjang Primary School
Kurunjang Secondary College
Melton Primary School
Melton Secondary College
Melton Specialist School
Muhammadiyah Australia College
St Dominic's School
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Melton MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025250$446,3756.97%268$401pw4.45%
2024223$423,750-0.53%238$395pw4.79%
2023192$420,750-5.43%244$373pw4.54%
2022201$438,5009.22%319$340pw4.18%
2021239$402,50016.66%295$314pw3.87%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025250$446,375+6.97%
2024223$423,750-0.53%
2023192$420,750-5.43%
2022201$438,500+9.22%
2021239$402,500+16.66%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025268$401pw4.45%
2024238$395pw4.79%
2023244$373pw4.54%
2022319$340pw4.18%
2021295$314pw3.87%

PROUDLY SERVICING Melton

Browse more suburbs

Melton West

Melton South

Kurunjang

NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

Five things to consider when choosing an investment property

Handy tips for the first home buyer

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.