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Melton suburb profile

Melton is an outer-west Melbourne suburb in the City of Melton that pairs a small historic town centre with large new residential developments, giving a mix of older weatherboard and brick homes close to the main street and contemporary family houses in surrounding estates. The suburb centres on a compact shopping and civic precinct and is served by Melton railway station on the Ballarat line and major road links, which makes commuting practical. Local life is family-focused, with active sporting clubs, neighbourhood parks and creekside open space that retain a semi-rural feel even as the suburb continues to grow.

Melton property market performance

Current median dwelling price$468,500Past 3 months

Property growth+14.0%Past 12 months

Melton has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. The median house price is $565,000, and house values rose sharply, up 16.0% over the last 12 months. Unit values also rose sharply, up 12.0% over the last 12 months, so house values increased faster.

Over the last 3 months 33 houses and 6 units sold. Houses sold in a median of 21 days over the last 12 months, and units in a median of 26 days, so they sold in a similar time.

The rental market in Melton averaged $410 a week for houses and $375 a week for units over the last 12 months. House rents edged up a slight 0.5% while unit rents edged down a slight 1.3% over the same period, so rents moved at a similar pace.

HousesUnits
Median price
Past 3 months
$565KN/A
Change in value
Past 12 months
16.0%12.0%
Sold
Past 3 months
336
Median days on market
Past 12 months
2126
Average rent
Past 12 months
$410$375
Change in rent
Past 12 months
0.5%-1.3%

5 year median price trend for houses and units

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Melton demographics

Melton is a community of 7,953 people with a median age of 40 and a median household income of $1,058 a week, roughly $55,000 a year.

Among families, couple families with children are the largest group at 36.6%. Together with couple families without children (33.8%), they make up just over 70% of all families. One-parent families account for 27.1%, while other families represent 2.6%.

Most homes in Melton are owner-occupied: 33.7% are owned outright and 30.7% are owned with a mortgage, a combined owner-occupied share of 64.4%. Renters comprise 35.6% of dwellings.

Suburbs near Melton

Some popular suburbs near Melton include:

  • Melton West: established area with local parks and community amenities.
  • Kurunjang: leafy suburb with mature trees and larger lot sizes.
  • Melton South: quiet neighbourhood centred around parks and open spaces.
  • Brookfield: growing suburb with modern homes and pocket parks.
  • Harkness: planned precinct offering family-oriented streets and green corridors.

How does Melton compare to nearby suburbs?

  • Median house prices: Melton’s median house price is 5.8% lower than Melton West’s.
  • Median unit prices: Melton’s median unit price is 4.6% lower than Melton South’s.
  • House price growth: Over the past 12 months, house prices in Melton have grown 4.2% higher than in Melton West.
  • Unit price growth: Over the past 12 months, unit prices in Melton have grown 6.7% higher than in Melton South.
  • Selling speed for houses: Properties in Melton are selling 4.5% faster than in Melton West.
  • Selling speed for units: Properties in Melton are selling 3.7% faster than in Melton South.
  • Investment considerations: In Melton, the rental yield for house is 35.3% lower than the Melbourne average, while the rental yield for units is 36.4% lower.
  • House price growth: Over the past 12 months, house prices in Melton have grown 45.7% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Melton have grown 27.8% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Melton

There are 73 real estate agents in Melton, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 29.7% of all sales in the past year.

Commission rates in Melton typically range from 1.99% to 2.62%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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