City of MeltonEconomic profile
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City of Melton

Housing prices

At June 2018, the median house valuation in the City of Melton was $120,595 lower compared to Victoria.

This indicator shows the value of houses and units in the City of Melton and wider region during the period 2014-2018. Housing values are an indicator of the level of demand for housing in the area, as well as the type of housing available. Housing demand may be related to the desirability of the area and proximity to major employment destinations.

Value of houses
Value of houses Victoria: $451,630 Victoria: $474,887 Victoria: $527,365 Victoria: $610,154 Victoria: $670,061 Greater Melbourne: $539,700 Greater Melbourne: $582,067 Greater Melbourne: $650,140 Greater Melbourne: $765,681 Greater Melbourne: $812,306 City of Melton: $384,124 City of Melton: $398,873 City of Melton: $402,687 City of Melton: $498,088 City of Melton: $549,466
Source: Hometrack 2014-2018, Housing Valuation System
Value of units
Value of units Victoria: $423,673 Victoria: $438,867 Victoria: $465,061 Victoria: $498,705 Victoria: $526,184 Greater Melbourne: $449,745 Greater Melbourne: $466,412 Greater Melbourne: $490,558 Greater Melbourne: $526,828 Greater Melbourne: $552,448 City of Melton: $263,963 City of Melton: $254,909 City of Melton: $284,743 City of Melton: $307,630 City of Melton: $379,184
Source: Hometrack 2014-2018, Housing Valuation System
Median housing value
HousesUnits
Year (at June)City of MeltonGreater MelbourneVictoriaCity of MeltonGreater MelbourneVictoria
2018$549,466$812,306$670,061$379,184$552,448$526,184
2017$498,088$765,681$610,154$307,630$526,828$498,705
2016$402,687$650,140$527,365$284,743$490,558$465,061
2015$398,873$582,067$474,887$254,909$466,412$438,867
2014$384,124$539,700$451,630$263,963$449,745$423,673

Source: Hometrack 2014-2018, Housing Valuation System.

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