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Melton South suburb profile

Melton South is a growing suburb located approximately 35km west of Melbourne's CBD, known for its affordable housing and family-friendly environment. The suburb offers a mix of established homes and new developments, catering to a diverse community. Melton South boasts convenient access to public transport, including the Melton railway station, making it an attractive option for commuters. The area is well-served by local amenities such as schools, shopping centers, and recreational facilities, including parks and sports grounds. With its blend of suburban comfort and accessibility, Melton South continues to appeal to families and first-time homebuyers.

Melton South property market performance

Current median dwelling price$473,000Past 3 months

Property growth+6.3%Past 12 months

Melton South's property market has shown positive growth over the past 12 months, with house values increasing by 7.1% and unit values rising by 4.8%. The current median house price stands at $530,000, while the median unit price is $420,000, indicating a healthy demand for both property types.

Sales activity has been notable, with 54 houses and 11 units sold in the past 12 months. However, properties are taking longer to sell, with houses spending a median of 76 days on the market and units 81 days, suggesting a more cautious buyer sentiment.

The rental market in Melton South has also experienced growth, with average rents for houses increasing by 6.2% and units by 5.9% over the last 12 months. The average rent for houses is $425, while units average $360, reflecting a steady demand for rental properties.

HousesUnits
Median price
Past 3 months
$526KN/A
Change in value
Past 12 months
6.9%5.6%
Sold
Past 3 months
244
Median days on market
Past 12 months
7785
Average rent
Past 12 months
$425$360
Change in rent
Past 12 months
2.4%2.9%

5 year median price trend for houses and units

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Melton South demographics

Melton South, located in the outer western suburbs of Melbourne, is a growing community known for its family-friendly environment and affordable living options. With a population of 11,362 and a median age of 35, the suburb is home to a mix of young families, professionals, and long-term residents. The area offers a balance of suburban tranquility and accessibility to Melbourne's bustling city life, making it an attractive option for those seeking a more relaxed lifestyle without sacrificing convenience.

The suburb's housing landscape is diverse, with a significant portion of properties owned outright (26%) or with a mortgage (37.3%), indicating a stable community with a mix of established homeowners and new buyers. Additionally, 36.7% of properties are rented, providing flexibility for those not ready to commit to homeownership. This mix of ownership and rental options caters to a wide range of residents, from young families to retirees.

Family dynamics in Melton South are varied, with 42.8% of households being couple families with children, reflecting the suburb's appeal to families seeking a supportive community environment. One-parent families make up 26.7% of the households, highlighting the suburb's inclusivity and support for diverse family structures. The area's amenities, including schools, parks, and shopping centers, further enhance its appeal as a family-oriented suburb.

Melton South infrastructure, key developments and investment opportunities

Melton South is experiencing significant developments that are likely to impact its property market. The ongoing expansion of the Toolern Creek Trail and associated recreational areas enhances the suburb's livability and appeal for families. Additionally, the recent upgrade of Melton South Primary School and the presence of Victoria University's Melton Campus contribute to the area's educational infrastructure, potentially attracting more residents.

The suburb's transport infrastructure is also improving, with upgrades to Melton railway station and expanded bus services enhancing connectivity to Melbourne's CBD. These improvements, coupled with new residential developments and the expansion of local shopping districts on Exford Road and Station Road, are likely to boost property values and rental demand in Melton South. The area's affordability compared to inner Melbourne suburbs continues to make it attractive for first-home buyers and investors.

Melton South rental market trends

The rental market in Melton South has experienced moderate growth, with house rents increasing by 6.2% over the past year to $425 per week, while unit rents have risen 5.9% to $360 per week. This steady growth reflects the suburb's appeal to both renters and investors, driven by its affordability and ongoing development in the area.

Suburbs near Melton South

Some popular suburbs near Melton South include:

  • Melton West: Known for its family-friendly atmosphere and spacious parks, Melton West is located directly north of Melton South.
  • Fraser Rise: A rapidly developing suburb with modern amenities, Fraser Rise is situated to the east of Melton South.
  • Maddingley: Offering a blend of rural charm and suburban convenience, Maddingley lies to the west of Melton South.
  • Caroline Springs: Known for its picturesque lakes and vibrant community, Caroline Springs is located to the southeast of Melton South.
  • Diggers Rest: Featuring a mix of historical significance and modern growth, Diggers Rest is situated to the northeast of Melton South.

How does Melton South compare to nearby suburbs?

  • Median house prices: Melton South’s median house price is 10.8% lower than Brookfield’s.
  • House price growth: Over the past 12 months, house prices in Melton South have grown 5.7% higher than in Brookfield.
  • Unit price growth: Property prices in nearby HARKNESS have risen 4.3% more than in Melton South over the past year.
  • Selling speed for houses: Properties in Melton South are selling 29.4% faster than in WEIR VIEWS.
  • Investment considerations: In Melton South, the rental yield for house is 31.2% lower than the Melbourne average, while the rental yield for units is 35.8% lower.
  • House price growth: Over the past 12 months, house prices in Melton South have grown 48.2% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Melton South have grown 35.0% lower than the average rate of growth for units across Melbourne.

Common questions about Melton South

  • Is Melton South a nice place to live?

    Melton South is a delightful suburb that offers a charming blend of suburban tranquility and accessibility, making it a lovely place to call home. Known for its welcoming and family-friendly atmosphere, the suburb is a haven for those seeking a peaceful lifestyle without straying too far from the vibrant city life of Melbourne. With its lush parks and recreational spaces, Melton South provides ample opportunities for outdoor activities, making it a perfect spot for families to enjoy quality time together.

    The suburb's vibe is characterized by a strong sense of community, with a diverse mix of residents contributing to its warm and inclusive culture. Families will find a supportive environment here, with a range of schools and educational facilities catering to the needs of children and young adults. The local amenities, including shopping centers and cafes, ensure that residents have everything they need within easy reach, while the proximity to public transport options like the Melton railway station makes commuting to the city a breeze.

    Safety is generally not a major concern in Melton South, with the suburb maintaining a reputation as a secure and comfortable place to live. However, one trade-off to consider is the ongoing development in the area, which, while promising for future growth and infrastructure, may bring some temporary disruptions. Additionally, while the suburb offers a peaceful lifestyle, those seeking a bustling nightlife or trendy urban scene might find it lacking in that regard.

    Overall, Melton South is an appealing choice for families and individuals looking for affordable living options in a community-oriented suburb. Its combination of suburban comfort, accessibility, and a growing array of amenities makes it a nice place to settle down and enjoy a balanced lifestyle.

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  • Is it expensive to live in Melton South?

    Living in Melton South is relatively affordable compared to many other suburbs in the Melbourne area. The median house price is currently $515,000, and for units, it's $360,000. These figures are quite reasonable, especially when compared to the soaring property prices in inner Melbourne suburbs. Renting is also affordable, with the average rent for houses being $430 per week and $375 for units, which is manageable for many families and individuals.

    When we look at the income side, the average wage in Melton South is about $65,000 per year, and the median total household income is $1,209 per week. These figures suggest that the cost of living, particularly in terms of housing, is quite manageable for those earning the average wage in the area. Compared to the broader Melbourne area, where property prices and rents can be significantly higher, Melton South offers a more budget-friendly option without sacrificing access to amenities and a comfortable lifestyle.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Melton South a good place to invest?

    Melton South presents an intriguing opportunity for property investors, particularly those interested in rental income. While the change in median house and unit values over the last 12 months has been relatively flat, with a modest 1.0% increase for houses and no change for units, the rental market tells a different story. Rents for houses have surged by 10.3%, and units have seen an even more impressive 11.1% increase. This indicates a strong demand for rental properties, which can be appealing for investors looking to generate steady rental income.

    The suburb's affordability compared to other areas in Melbourne makes it attractive for renters, particularly young families and professionals seeking more space without the hefty price tag of inner-city living. This demand for rental properties is likely to continue, given the suburb's ongoing development and infrastructure improvements, which enhance its livability and accessibility.

    Overall, while Melton South may not currently offer rapid capital growth, its strong rental market and potential for future development make it a worthwhile consideration for investors focused on rental yield and long-term growth potential. The suburb's evolving landscape and community appeal suggest that it could be a solid choice for those looking to invest in a growing area with promising rental returns.

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Choose the right real estate agents in Melton South

In Melton South, 145 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 25.3% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.75% and 2.88%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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