Melton West suburb profile
Melton West is a growing suburb located approximately 45km west of Melbourne's CBD, known for its family-friendly atmosphere and expanding amenities. The suburb offers a mix of modern housing developments and established homes, catering to a diverse community. Melton West is well-served by local schools, parks, and shopping centres, providing convenience for residents. The area's growth is supported by ongoing infrastructure improvements, including transport links that connect it to Melbourne and surrounding regions. With its blend of suburban comfort and accessibility, Melton West is an appealing choice for families and individuals seeking a balanced lifestyle.
Melton West property market performance
Melton West's property market has remained stable over the past 12 months, with no change in median house and unit values. The median house price stands at $545,000, while units are priced at $246,000. This stability reflects a balanced demand in the area.
Sales activity has been moderate, with 36 houses and just 2 units sold in the past three months. Houses are selling relatively quickly, with a median of 28 days on the market, while units are moving slightly faster at 25 days, indicating a consistent interest in both property types.
The rental market in Melton West has seen notable growth, with house rents increasing by 12.5% and unit rents by 8.3% over the last 12 months. The average rent for houses is $428, while units average $390, suggesting a strong rental demand in the suburb.
Median price - houses$540KPast 3 months
Median price - units$246KPast 3 months
Change in value - houses-4.6%12 months
Change in value - units-2.7%12 months
Houses sold37Past 3 months
Units sold1Past 3 months
Median DOM - houses26Past 12 months
Median DOM - units25Past 12 months
Average rent - houses$425Past 12 months
Average rent - units$398Past 12 months
Change in rent - houses11.8%Past 12 months
Change in rent - units6.9%Past 12 months
Melton West demographics
Melton West, located in the outer western suburbs of Melbourne, offers a blend of suburban tranquility and family-friendly amenities. With a population of 8,784 and a median age of 36, it is a community that appeals to both young families and established residents. The suburb's proximity to Melbourne makes it an attractive option for those seeking a quieter lifestyle while still having access to the city's opportunities.
The housing landscape in Melton West is characterized by a high rate of home ownership, with 30.5% of properties owned outright and 45.7% owned with a mortgage. This indicates a stable community with many long-term residents. The rental market, comprising 23.8% of properties, provides options for those looking for more flexible living arrangements. The suburb's family-oriented nature is evident, with 43.3% of households being couple families with children, and 32.4% being couple families without children.
Melton West's community is diverse, with one-parent families making up 23% of the population, reflecting a supportive environment for various family structures. The median total household income of $1,450 per week suggests a comfortable standard of living, with residents enjoying the benefits of suburban life, including parks, schools, and local shopping centers. Overall, Melton West offers a balanced lifestyle with a strong sense of community, making it an appealing choice for families and individuals alike.
Melton West infrastructure, key developments and investment opportunities
Melton West is experiencing significant developments that are likely to impact its property market. The suburb is set to benefit from the $1 billion upgrade of the Western Highway between Melton and Caroline Springs, which will improve connectivity and potentially increase property values[5]. Additionally, the Australian Government has allocated $2.1 million for the construction of shared use bicycle and walking paths in nearby Burnside and Caroline Springs, enhancing local infrastructure and livability[5].
The suburb's property market remains relatively affordable, with a median house price of $545,000 over the last year[10]. Melton West offers a range of amenities, including the Woodgrove Shopping Centre, multiple schools, and parks, making it attractive to families and first-time homebuyers. The ongoing infrastructure improvements and its proximity to Melbourne's CBD (approximately 38 km) position Melton West as a growing suburb with potential for future property value appreciation[1][3].
Melton West rental market trends
The rental market in Melton West is experiencing growth, with house rents increasing 12.5% over the past year to $428 per week, while unit rents have risen 8.3% to $390 per week. With its expanding infrastructure and growing appeal, Melton West offers promising opportunities for both renters and investors seeking value in a developing suburb.
Suburbs near Melton West
Some popular suburbs near Melton West include: