3/20-24 Palmerston Street

Melton VIC 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 5,161 properties. Over the last 5 years, Houses in Melton have seen a 22.63% increase in median value, while Units have seen a 13.90% increase. As at 31 October 2024:

• The median value for Houses in Melton is $473,058 while the median value for Units is $373,025.
• Houses have a median rent of $400 while Units have a median rent of $375.