This property is Off Market
With an average age of 47, households expect an average monthly mortgage payment of $1,181 or a weekly rent payment of $279. The average family earns a weekly income of $1,145 with a typical household size of 1.7 and a 86.14% employment rate.
Consistent high demand relative to supply is a key feature in Melton driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Melton are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Melton provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Melton requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Melton we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Melton a better buying opportunity than it may have been in the past.
(Country of Birth not stated 10%)
Melton a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
39 / 100
52 / 100
Industry
09 / 100
17 / 100
Population
36 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
31 / 100
34 / 100
Incidents Trend State Average
Melton Specialist School
Melton, VIC, 3337 State U
Melton Primary School
Melton, VIC, 3337 State Prep-6
Wedge Park Primary School
Melton West, VIC, 3337 State Prep-6
Coburn Primary School
Melton South, VIC, 3338 State Prep-6
Melton West Primary School
Melton, VIC, 3337 State Prep-6
Melton Secondary College
Melton, VIC, 3337 State 7-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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