Melton City, VIC

The City of Melton is a local government jurisdiction located on the western rural-urban edge of Melbourne, Victoria, Australia.
Melton City Council governs it. Local government and administrative offices are based at Council headquarters in Melton, the town that bears the city’s name. Melton is located at the LGA’s western end and is now its biggest urban area, with a population of over 54,000.

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The City of Melton has had significant population growth, ranking third quickest among Victoria’s local government areas in 2010. It was incorporated as a city in 2012.

In Melton, the most prevalent jobs are Clerical and Administrative Workers (15.8%), Technicians and Trades Workers (14.8%), Professionals (14.8%), Community and Personal Service Workers (11.0%), and Machinery Operators and Drivers (10.7%).

In Melton, the typical weekly personal income for residents aged 15 years and older is $658.

In Melton, 87.5 percent of occupied private residences are detached houses, 11.1 percent are semi-detached, row or terrace houses, townhouses, or other dwellings, 0.8 percent are flats or apartments, and 0.3 percent are other housing.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Upgrade to Starter Plan to see Demand Profile data.
Upgrade to Professional Plan to see Buy & Rent Search Index data.

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced metrics such as Buy & Rent Search Index that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.

Property Market in Melton City, VIC

What other property markets are there near Melton City, VIC?

Melton City is surrounded by 4 other council areas – Wyndham, Brimbank, Moorabool, Hume.

Suburbs/localities in this Local Government Area: Kurunjang 3337, Melton 3337, Melton South 3338, Melton West 3337, Plumpton 3335, Ravenhall 3023, Rockbank 3335, Taylors Hill 3037, Toolern Vale 3337, Hillside 3037, Aintree 3336, Bonnie Brook 3335, Cobblebank 3338, Deanside 3336, Fieldstone 3024, Fraser Rise 3336, Grangefields 3335, Harkness 3337, Strathtulloh 3338, Thornhill Park 3335, Weir Views 3338, Brookfield 3338, Burnside 3023, Burnside Heights 3023, Caroline Springs 3023, Diggers Rest 3427, Exford 3338

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