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Melton West, VIC 3337

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Melton West, VIC 3337 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

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3BR

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5BR

Rent 

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3BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Melton West, VIC 3337”

  1. Luxuriating in the heart of Victoria, the thriving suburb of Melton West, postcode 3337, has built its name as a residential sanctuary comprising an estimated total of 3547 households. The housing market radiates consistent profitability as seen in Q3 2023, where the typical house price was registered at a moderate $544,356. As an icing on the cake, median weekly rent was benchmarked at $370, resulting in an inviting indicative yield of 3.53%. Complementing this vibrancy is the suburb’s IRSAD score which stands at 900 out of 1217, signifying a decent socio-economic status, a blend of adequate economic resources and a moderate income demographic.

    The rental market’s texture is painted by a renter to owner ratio of 28%, presenting a balanced rental sector less likely to experience stiff competition among landlords. This favourable reality is further trimmed by the units to houses ratio standing at a sparse 3%, an appealing figure capable of maintaining healthier rental yields due to limited competition. Families seeking long-term settlement will be attracted to this low ratio, fostering a community with a familial ‘vibe’.

    The affordability index operates at a manageable 30 years, falling within a window considered favourable for both prospective homeowners and investors alike. In terms of supply, the properties market translates into a stock on market Percentage of 0.44% for houses, a relatively favourable environment for an investor. Melton West’s housing inventory is at an encouraging 1.2 months, indicating a stable and absorbent property market that quickly takes in new listings.

    Building Approvals Ratio, an indicator of potential future supply, is moderately low at 0.64%, suggesting the potential for long-term market stability. Reflecting on demand trends, the Average days on market for houses is unwavering at 37 days, highlighting a relatively high demand. Lastly, the vacancy rate (across units and houses) registers a low 1.43%, encouraging news for property owners due to the possibility of higher rent. However, the Buy Search Index, which measures the interest of potential buyers, rings in at an unimpressive 3, suggesting a need for monitoring future trends.

    Overall, while Melton West presents some favourable indicators such as balanced owner-renter ratio, limited unit oversupply, and manageable affordability, close attention to demand and potential market changes can foster more informed investment decisions. A good strategy would be leveraging Relative Composite Score (RCS) by HtAG Analytics, a tool that amalgamates various critical metrics to make research easier and actionable. Investors and buyers agents alike will find Melton West an interesting place to keep an eye on.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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