2/51 Palmerston StreetMelton VIC 3337
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**Prime Commercial Space Available for Lease**
Property Details for 2/51 Palmerston St, Melton
About Melton 3337
The size of Melton is approximately 20.3 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Melton in 2011 was 7,592 people. By 2016 the population was 8,063 showing a population growth of 6.2% in the area during that time. The predominant age group in Melton is 60-69 years. Households in Melton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton work in a trades occupation. In 2011, 64.8% of the homes in Melton were owner-occupied compared with 63.2% in 2016.
Melton has 5,178 properties. Over the last 5 years, Houses in Melton have seen a 19.89% increase in median value, while Units have seen a 16.92% increase. As at 28 February 2025:
- The median value for Houses in Melton is $477,090 while the median value for Units is $360,103.
- Houses have a median rent of $400 while Units have a median rent of $395.
What's around 2/51 Palmerston St, Melton
2/51 Palmerston St, Melton is in the school catchment zone for Melton Primary School and Kurunjang Secondary College.
Suburb Insights for Melton 3337
Market Insights
Melton Trends for Houses
$477k
0.25%
View Trend$400/W
4.55%
Melton Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
Age
Population 8,063
0-9
13%
10-19
11%
20-29
14%
30-39
13%
40-49
12%
50-59
12%
60-69
15%
70-79
8%
80-89
2%
Household Structure
Occupancy
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