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Real Estate Market: Is Melville Forest VIC 3315 a Good Suburb to Buy Into?
Housing Market in Melville Forest
Sources: Property Listings and Microburbs, 2006 - 2023
| Field | Value | VS Warrnambool and South West | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
| Premium | Premium | Premium |
Housing Supply in Melville Forest
The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2002 - 2023
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2002 - 2023
| Field | Value | VS Warrnambool and South West | Trend | |
|---|---|---|---|---|
| 0 | Bottom 38% | Data for Jun 2025 | ||
| 3.7 | Top 36% | Data for Jul 2023 | ||
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| Premium | Premium | Premium |
Housing Stock Quality in Melville Forest
The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023
Sources: ABS, GEOSPATIAL and Microburbs, 2006 - 2023
| Field | Value | VS Warrnambool and South West | Trend | |
|---|---|---|---|---|
| 100.0% | Top 31% | Data for Jan 2021 | ||
| 2.7 | Top 30% |
|
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| 0.0% | Bottom 37% | Data for Jun 2023 |
Development Restrictions in Melville Forest
The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023
| Field | Value | VS Warrnambool and South West | Trend | |
|---|---|---|---|---|
| 0.0 sq km | Top 42% | Data for Jun 2023 |
Risk in Melville Forest
The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023
| Field | Value | VS Warrnambool and South West | Trend | |
|---|---|---|---|---|
| 31 | Bottom 44% | Data for Jun 2023 | ||
| 77 | Bottom 40% | Data for Jun 2023 | ||
| 85 | Top 4% | Data for Jun 2023 | ||
| 15.4% | Bottom 23% |
|
Housing Demand in Melville Forest
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, 2006 - 2030
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030
| Field | Value | VS Warrnambool and South West | Trend | |
|---|---|---|---|---|
| Premium | Premium | Premium | ||
| Premium | Premium | Premium | ||
| 5780 | Bottom 18% |
|
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| 36500 | Bottom 19% |
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| Premium | Premium | Premium | ||
| 15700 | Top 47% |
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| Premium | Premium | Premium | ||
| Premium | Premium | Premium |
LGA Details (1)
| Headline | Place | Datetime |
|---|---|---|
| Local government area | Southern Grampians |
Percent of Renters by Street (4)
| Percent of Renters | Street |
|---|---|
| 0.0% | Dundas Gap Rd |
| 0.0% | Armstrongs Rd |
| 0.0% | Cavendish-Coleraine Rd |
| 0.0% | Melville Forest-Vasey Rd |
Turnover Rate by Street (4)
| Turnover rate | Street | Turnover Label | Turnover Years | Year |
|---|---|---|---|---|
| 100.0% | Armstrongs Rd | high turnover | Every 10.0 years (high turnover) | 2025 |
| 50.0% | Cavendish-Coleraine Rd | very tightly held | Every 20.0 years (very tightly held) | 2025 |
| 66.7% | Dundas Gap Rd | quite tightly held | Every 15.0 years (quite tightly held) | 2025 |
| 100.0% | Melville Forest-Vasey Rd | high turnover | Every 10.0 years (high turnover) | 2025 |
Recently Sold Houses (2)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Subdivisible into | Sale Type |
|---|---|---|---|---|---|---|---|
| 1762 Melville Forest-vasey Rd | $550,000 | 5.0 | 2.0 | 2.0 | 21 Jun 2017 | 0 | On Market |
| 1762 Melville Forest-vasey Rd | $550,000 | 5.0 | 2.0 | 2.0 | 21 Jun 2017 | 0 | On Market |
Recently Sold Units (100)
| Address | Price | Bedrooms | Bathrooms | Garage spaces | Date sold | Sale Type |
|---|---|---|---|---|---|---|
| 1036 Dundas Gap Rd | $180,000 | 3.0 | 1.0 | 28 Jul 2009 | On Market | |
| 1036 Dundas Gap Rd | $180,000 | 3.0 | 1.0 | 28 Jul 2009 | On Market | |
| 1036 Dundas Gap Rd | $180,000 | 3.0 | 1.0 | 28 Jul 2009 | On Market | |
| 1036 Dundas Gap Rd | $180,000 | 3.0 | 1.0 | 28 Jul 2009 | On Market | |
| 1036 Dundas Gap Rd | $180,000 | 3.0 | 1.0 | 28 Jul 2009 | On Market |
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Profiles
Nearby Suburbs