Melton South Suburb ProfileVictoria 3338
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Melton South has 7,591 properties. Over the last 5 years, Houses in Melton South have seen a 26.61% increase in median value, while Units have seen a 7.81% increase. As at 31 October 2024:
- The median value for Houses in Melton South is $496,829 while the median value for Units is $351,985.
- Houses have a median rent of $420 while Units have a median rent of $370.
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.
Market Insights
Melton South Trends for Houses
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Melton South Trends for Units
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Neighbourhood Insights
Age
Population 11,516
0-9
15%
10-19
11%
20-29
15%
30-39
16%
40-49
13%
50-59
11%
60-69
12%
70-79
5%
80-89
2%
90-99
1%
Household Structure
Occupancy
Recent Sales in MELTON SOUTH 3338
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Properties for sale in MELTON SOUTH 3338
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Properties for rent in MELTON SOUTH 3338
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Last Updated: 18/11/2024
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