HOUSE AND LAND
Melton is an urban area within metropolitan Melbourne, Australia located 35 km west from the capital's central business district. The size of Melton is approximately 20.3 square kilometres. It has 1 park covering nearly 0.2% of total area. It is the administrative centre of the City of Melton local government area and its most populous centre.
At June 2018 Melton had an estimated urban population of 68,765 and has grown steadily with an average annual rate of 4.88% year-on-year for the five years to 2018. From 2018 – 2019, the City of Melton grew at 5.2 per cent making it the second fastest growing municipality in Victoria. Our house and land package is located in the Seventh Bend community in the City of Melton.
There are lots of great things to see and do, places to eat, drink and shop and more in the City of Melton!
The City of Melton have breathtaking history and heritage trails, homesteads and drystone walls to explore; world class, international award winning wineries; fantastic eateries from casual dining cafes to conference, reception and function centres; an outstanding public art trail and art gallery; Melton Waves aquatic centre; paintball, trampoline centres, kids play centres, joy flights, golf course, playgrounds, botanic gardens and nature walks and so much more.
Within 5km from Seventh Bend, Melton, there is a range of education facilities surrounding the community, from childcare and kindergarten through to primary and secondary schools.
Within a 5km radius from seventh bend, there are:
- 5 CHILDCARE CENTRES
- 5 PRIMARY SCHOOLS
- 5 SECONDARY SCHOOLS
- 2 LEARNING CENTRES
- 1 LIBRARY
Prices and Growth
According to realestate.com.au, the median property prices over the last year range from $389,000 for houses to $315,000 for units. If you are looking for an investment property, houses in Melton rent out for $320 PW with an annual rental yield of 4.3% and units rent for $290 PW with a rental yield of 4.8%. Based on five years of sales, Melton has seen a compound growth rate of 10.1% for houses and 5.0% for units.