Melton South VIC 3338
Melton South is in Melton LGA, VIC, postcode 3338, with population 11,362.
Strong evidence
Melton South has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 48% of annual income. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →3,370 latest-year approvals in Melton, +0.0% YoY; population +5.8% YoY (5.9% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 48% of annual income. Snapshot rent $480/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Melton South has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Hospitals
Melton South currently reads as a growth-momentum candidate with a income-first secondary angle.
Gross yield screens at about 5.0%. Entry price sits in the lower-cost range for a first-pass screen. No major decision caution is visible from the current evidence layer.
Compare it against a contrasting suburb before turning it into a decision.
Gross yield screens at about 5.0%. Entry price sits in the lower-cost range for a first-pass screen. Population movement supports a growth-led read.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Melton South VIC
Melton South is a well-established suburb in Victoria within the Melton local government area (postcode 3338). With a population of 11,362, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $63K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are machinery operators & drivers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and transport & logistics. The top ancestries reported are Australian, English, Irish.
The median house price in Melton South is $495,000, having declined 3.9% over the past year. Units have a median price of $370,000 (+1.4% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,300.
Melton South is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 13 rail stations, 27 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Melton South offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($495K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -3.9% year-on-year. Population growth of +5.8% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Melton South is a well-established suburb in Victoria within the Melton local government area (postcode 3338). With a population of 11,362, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $63K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are machinery operators & drivers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and transport & logistics. The top ancestries reported are Australian, English, Irish.
The median house price in Melton South is $495,000, having declined 3.9% over the past year. Units have a median price of $370,000 (+1.4% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,300.
Melton South is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 13 rail stations, 27 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Melton South offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($495K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -3.9% year-on-year. Population growth of +5.8% year-on-year indicates strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Melton South FAQ
Common questions-
What LGA is Melton South in?
Melton South is in the Melton Local Government Area, VIC, postcode 3338. Council-level context for Melton LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Melton South?
The current median house price in Melton South, VIC is $495K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Melton South?
The median weekly rent in Melton South is $480/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about Melton South?
Income-stretched rent market: Weekly rent screens at about 48% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Melton South a good investment?
QuickProperty's investment signals for Melton South show: High Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Melton South?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Melton South data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.