Real Estate Melton West Vic 3337

Melton West: Family-friendly, safe and welcoming.

Housing Market in Melton West

Key Melton West Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$456	Bottom 11%	147% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Melton West

Melton West Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Melton West

25.7%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	24.1	Top 21%	Data for Jun 2025
Developments	0.1	Bottom 22%	Data for Jul 2023
Housing Stock Quality Indicator	32.6	Top 19%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	3 lots	Bottom 29%	50% to May 2022
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	2	Top 34%	to Mar 2025

Housing Stock Quality in Melton West

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	93.8%	Bottom 25%	1% to Jan 2021
Average bedrooms - all homes	2.8	Top 23%	3% to Jan 2021
NBN connection: fibreoptic cable to node	0.3%	Top 22%	Data for Jun 2023

Development Restrictions in Melton West

Melton West Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Melton West

26.7%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	6.1 sq km	Bottom 44%	Data for Jan 2021
Heritage overlay total area	0.1 sq km	Top 33%	Data for Jun 2023
Residential density	396 sqm per resident	Bottom 19%	Data for Jan 2021

Risk in Melton West

Melton West Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Melton West

49.5

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	83.0%	Bottom 22%	0% to May 2023
% Rentals	17.0%	Top 22%	4% to May 2023
Housing Affordability Index	32	Bottom 46%	Data for Jun 2023
Median monthly mortgage	$1,700	Bottom 37%	17% to May 2023
Rent Affordability Index (Houses)	85	Top 13%	Data for Jun 2023
Rent Affordability Index (Units)	79	Top 30%	Data for Jun 2023
Mortgage as a percent of income	23.8%	Top 41%	2% to Jan 2021
Mortgaged Dwellings	50.7%	Top 20%	13% to May 2023

Housing Demand in Melton West

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Melton West

72.2%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	27500	Top 5%	27% to Dec 2036
Historical Population (SA3)	226000	Top 1%	247% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	239000	Top 5%	355% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Melton West

Melton West Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$384	Bottom 16%	141% to Feb 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	73.6%	Bottom 49%	10% to Mar 2025

Median House Rental Prices by Street (19)

Street	Date	Median rent (per week)
Fernberg Pl	22 Mar 2025	$385
Fairhaven Bvd	22 Mar 2025	$490
Gainsborough Pl	22 Mar 2025	$420
High St	22 Mar 2025	$442
Harkness Rd	22 Mar 2025	$875

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Lumea Pl	10 May 2024	$520,000
Pamela Ct	10 May 2024	$512,500
Mcivor Ct	10 May 2024	$734,500
Olive Pl	10 May 2024	$443,000
Fairhaven Bvd	10 May 2024	$542,500

LGA Details (1)

Headline	Place	Datetime
Local government area	Melton

Realtors (1)

Headline	Place	Datetime
Reliance Real Estate Melton	Woodgrove Shopping Centre

Percent of Renters by Street (100)

Percent of Renters	Street
24.7%	Tandara Cct
61.3%	Tania Pl
0.0%	Teresa Pl
0.0%	The Grove None
28.7%	Thornhill St

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
104.5%	Heritage Way	high turnover	Every 9.6 years (high turnover)	2025
60.0%	Ince Pl	quite tightly held	Every 16.7 years (quite tightly held)	2025
50.0%	Van Ct	very tightly held	Every 20.0 years (very tightly held)	2025
116.9%	Argyll Cct	very high turnover	Every 8.6 years (very high turnover)	2025
112.7%	Carlyon Cl	very high turnover	Every 8.9 years (very high turnover)	2025

Businesses (26)

Name	Address
Mcleod Electrical Solutions
J.S. Paving & Concreting	2 Glebe Pl, Melton West VIC 3337, Australia
T Mcknight Garage Doors	686 High St, Melton West VIC 3337, Australia
Reliance Real Estate Melton	Woodgrove Shopping Centre, R06 High St, Melton West VIC 3337, Australia
Tait Plumbing Pty Ltd #1 Local Plumbers Melton, Sunbury, Truganina, Taylors Lakes, Kensington	5 Princeton Ave, Melton West VIC 3337, Australia

Accommodation Options (1)

Name	Address
Melton Youth Facility	193, Barries Rd

Planning Applications: Dwellings (1)

Headline	Place	Date
We are applying to subdivide in accordance with Permit PA2021/7577/1. We require Titles prior to building the proposed dwelling. - Streamlined Planning through Electronic Applications and Referrals S229958J	363 Centenary Avenue, Melton West VIC 3337	23 May 2024

Planning Applications: Other (4)

Headline	Place	Date
Restaurant and cafe Licence for a Company - Victorian Commission for Gambling and Liquor Regulation 68851A01	Woodgrove Shopping Centre, Shop RES02A, 533-555 High Street, Melton West 3337, VIC	02 Dec 2020
On-Premises Licence - Victorian Commission for Gambling and Liquor Regulation 68696A01	Res 04A, Wood Grove Shopping Centre, 533-555 High Street, Melton 3337, VIC	16 Nov 2020
Limited Licence - Renewable - Victorian Commission for Gambling and Liquor Regulation 68697A01	Res 04A, Woodgrove Shopping Centre, 533 - 555 High Street, Melton 3337, VIC	16 Nov 2020
Certification of a Plan - Streamlined Planning through Electronic Applications and Referrals S164187J	7 Shalimar Place, Melton West VIC 3337	16 Sep 2020

Median Unit Sale Prices by Street (24)

Date	Median sale value	Street
10 May 2024	$488,800	Harrington Dr
06 Oct 2023	$381,500	Carnarvon Pl
06 Oct 2023	$502,200	Corrib Ct
31 May 2024	538500.0	Balfour Pl
06 Oct 2023	$350,400	Sovereign Bvd

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
6 Asquith Pl	$610,000	6.0	2.0	2.0	31 Jan 2025	On Market
8 Staton Cr	$600,000	4.0	2.0	2.0	28 Jan 2025	On Market
7 Devon Pl	$380,000	0.0	0.0	0.0	20 Jan 2025	On Market
51 Hilton Way	$567,000	3.0	2.0	2.0	16 Jan 2025	On Market
41 Carlyon Cl	$775,000	4.0	2.0	2.0	16 Jan 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 1, 2 The Gr	$380	3.0	1.0	1.0	26 Nov 2024
Unit 1, 2 The Gr	$380	3.0	1.0	1.0	26 Nov 2024
Unit 1, 2 The Gr	$380	3.0	1.0	1.0	26 Nov 2024
Unit 1, 2 The Gr	$380	3.0	1.0	1.0	26 Nov 2024
Unit 1, 2 The Gr	$380	3.0	1.0	1.0	26 Nov 2024

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
2 Laraine Pl	$450	3	2	2	31 Jan 2025
2 Laraine Pl	$450	3	2	2	31 Jan 2025
2 Laraine Pl	$450	3	2	2	31 Jan 2025
2 Laraine Pl	$450	3	2	2	31 Jan 2025
2 Laraine Pl	$450	3	2	2	31 Jan 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 2, 54 Carlyon Cl	$550,000	4.0	2.0	1.0	05 Feb 2025	On Market
Unit 2, 54 Carlyon Cl	$550,000	4.0	2.0	1.0	05 Feb 2025	On Market
Unit 2, 54 Carlyon Cl	$550,000	4.0	2.0	1.0	05 Feb 2025	On Market
Unit 2, 54 Carlyon Cl	$550,000	4.0	2.0	1.0	05 Feb 2025	On Market
Unit 2, 54 Carlyon Cl	$550,000	4.0	2.0	1.0	05 Feb 2025	On Market

Leaflet

Expand ↗️

Loading Choropleth Data

Min Max

Subscribe to see the timeline. See samples: