At $555,000, the recent house median is the lowest in the closest comparison group, which may make Melton the first suburb to test for a house-focused budget.
RATE CHALLENGE BUYER SUBURB GUIDE
Melton VIC 3337 buyer's suburb guide
Compare recent house, unit and land prices, rents, property-value history, deposits, live repayment scenarios, buyer assistance, nearby suburbs, schools and the checks to complete before making an offer.
Market figures updated 7 Aug 2026Live home-loan rate scenarioBuyer costs and local comparisons
This guide helps you compare - it is not a valuation, property recommendation, loan approval or address-level due-diligence assessment.
Confirm the exact property, contract, scheme position, school zone, planning controls, hazards, insurance and lending outcome before committing.
Buyer summary
What to know before shortlisting Melton
Use these points to decide what deserves a closer inspection, then compare the exact property, contract, location and finance position.
House turnover is 187 sales over 12 months, ranking 5 of 5 in the closest group. A larger sample generally gives buyers more recent transactions to compare.
The unit / townhouse median is $425,000, about $130,000 below the house median. The unit sample contains 33 sales, so sample strength should be considered.
The July 2026 estimated house value was 7.5% up on July 2025 and +25.2% over five years. This is historical movement, not a forecast.
History of Melton
How Melton became the place buyers see today
Melton’s property stock makes more sense when its layers are visible: pastoral runs, a goldfields-road settlement, a small country town, rapid post-war growth and the 1970s satellite-city program all left different streets, lot patterns and buildings.
PLACE IDENTITY
A goldfields-road town, a 1970s satellite city and today’s established civic centre
History is included here because it helps explain housing age, street layout, transport, former land uses, boundaries and the property-specific checks that matter now. It is not a heritage assessment or a prediction of future value.
Kulin Country
The wider municipality contains Country connected to Wadawurrung, Bunurong and Wurundjeri Traditional Owner groups. Modern suburb and municipal lines do not replace that history.
Pastoral settlement
Sheep runs and large estates were established across the district, including the influential Exford estate south of the town.
Goldfields-road settlement
Traffic between Melbourne and the Ballarat goldfields supported inns, services, a post office and a school around the road settlement.
Rail changes the district
The Ballarat railway reached the area, with the station located south of the road township in what is now Melton South.
From town to satellite city
Large residential estates arrived, the population accelerated and Melton was designated a satellite city in 1974.
A regional centre inside metropolitan growth
Housing spread into adjoining suburbs while High Street retained the civic, commercial and service role of the older town centre.
Why history matters
Turn the timeline into better property questions
The suburb story is useful only when it changes what you inspect, confirm or budget for at the exact address.
Housing era matters
An older central house, 1960s–1980s brick veneer and recent infill can have very different maintenance, energy, layout and approval histories.
Town-centre interfaces
High Street access is valuable, but commercial activity, traffic, parking and future redevelopment can change the experience of nearby streets.
Creek and drainage
Toolern Creek and local drainage corridors are important amenities and planning features; confirm the exact hazard and insurance position.
Suburb versus municipality
“Melton” can mean the exact suburb, the larger urban area or the whole City of Melton. Market and Census figures must use the correct geography.
Public history referencesOpen the underlying council, government, university-history or public reference pages.
Housing and micro-location
Melton is not one uniform property market
These are practical buyer-orientation groups, not official neighbourhoods, school zones or valuation areas. Use them to decide which property evidence and inspections matter, then confirm the exact title and address.
High Street and old town grid
Older buildings, established services and smaller walking distances. Check heritage/planning controls, renovation approvals, traffic and commercial interfaces.
Established post-war streets
Detached homes from multiple decades. Compare structure, services, insulation, drainage and extension quality—not just land size.
Toolern Creek and open-space edge
Access to paths and reserves can be attractive. Confirm overland flow, reserve boundaries, vegetation and insurer requirements.
Eastern and northern residential edge
A changing relationship with newer suburbs and undeveloped land. Review future planning, road networks, utilities and construction activity.
Do not use a suburb median as a street-level price guide.
Compare the same property type, housing era, land characteristics, condition and micro-location. A lender valuation and independent appraisal may also use different evidence and assumptions.
Property market
What buyers have recently paid in Melton
Switch between houses, units / townhouses and vacant land. Always compare the exact property with recent sales of similar type, size, age and condition.
Strong sample
Recent median sale price
$555,000187 sales over the latest 12 months
Lower quartile$519,00025th percentile sale price
Upper quartile$600,00075th percentile sale price
Estimated median value$553,252July 2026 estimate
Days on market22Latest 12-month result
New sale listings144Latest 12 months
Median asking rent$410/wk257 rental observations
Indicative gross yield4.0%July 2026 measure
Average ownership period10.4 yearsBroad suburb measure
The sale median is based on recent transactions. The estimated median value is a separate measure and can be higher or lower because it is designed to describe the wider property stock.
Moderate sample
Recent median sale price
$425,00033 sales over the latest 12 months
Lower quartile$395,00025th percentile sale price
Upper quartile$460,00075th percentile sale price
Estimated median value$445,345July 2026 estimate
Days on market18Latest 12-month result
New sale listings37Latest 12 months
Median asking rent$400/wk61 rental observations
Indicative gross yield4.8%July 2026 measure
Average ownership period8.8 yearsBroad suburb measure
The sale median is based on recent transactions. The estimated median value is a separate measure and can be higher or lower because it is designed to describe the wider property stock.
Limited sample
Recent median sale price
$1,140,00015 sales over the latest 12 months
Lower quartileNot available25th percentile sale price
Upper quartileNot available75th percentile sale price
Estimated median valueNot availableJuly 2026 estimate
Days on marketNot availableLatest 12-month result
New sale listingsNot availableLatest 12 months
Median asking rentNot applicableNo rental measure
Indicative gross yieldNot availableJuly 2026 measure
Average ownership periodNot availableBroad suburb measure
Use this vacant land result cautiously.
Only 15 sales were included in the rolling 12-month result, so individual transactions can move the median materially.
The sale median is based on recent transactions. The estimated median value is a separate measure and can be higher or lower because it is designed to describe the wider property stock.
Longer-term context
How house and unit values have changed since 2017
The annual July figures show the direction and scale of past movement. They do not show every sale and should not be used as a price forecast.
Annual values
Melton house and unit values, July 2017-July 2026
HouseUnit
House and unit value measures for July of each year. Hover over chart points on desktop for values.
July 2025 to July 2026
July 2021 to July 2026
Nine-year historical change
Unit values can move on smaller samples
$553,252 house value in July 2026
The highest annual house value in the table was $553,252 in Jul 2026. The current figure is +0.0% relative to that peak.
$445,345 unit value in July 2026
The five-year unit change is +34.5%. Check the current unit sales sample and owners-corporation costs before treating the broad trend as a guide to one property.
View the annual house and unit values
| Period | House value | Unit value |
|---|---|---|
| Jul 2017 | $348,426 | $274,503 |
| Jul 2018 | $422,226 | $319,048 |
| Jul 2019 | $375,889 | $318,822 |
| Jul 2020 | $389,787 | $298,904 |
| Jul 2021 | $441,911 | $331,079 |
| Jul 2022 | $503,330 | $367,426 |
| Jul 2023 | $471,172 | $373,742 |
| Jul 2024 | $478,585 | $369,938 |
| Jul 2025 | $514,677 | $386,706 |
| Jul 2026 | $553,252 | $445,345 |
Your buying budget
Deposit, repayment and Victorian duty scenarios
Start with the recent house median, then change the property type, price and deposit. The repayment examples use current Rate Challenge home-loan rates when the page loads.
Connecting to current home-loan rates...Fallback examples remain visible while the current rate scenario loads.
- Illustrative loan
- $527,250
- Current rate scenario
- 6.79% p.a.
- Monthly repayment
- $3,434
- Indicative FHB duty
- $0
- Cash incl. allowance
- $31,250
- Illustrative loan
- $499,500
- Current rate scenario
- 6.69% p.a.
- Monthly repayment
- $3,220
- Indicative FHB duty
- $0
- Cash incl. allowance
- $59,000
- Illustrative loan
- $444,000
- Current rate scenario
- 6.49% p.a.
- Monthly repayment
- $2,803
- Indicative FHB duty
- $0
- Cash incl. allowance
- $114,500
LMI is not included. The $3,500 buying-cost allowance is a placeholder for conveyancing, searches, inspections and registrations. Replace it with actual quotes.
Deposit
Illustrative loan
Monthly repayment
Fortnightly equivalent
Indicative eligible FHB dutyPotential exemption to $600k; sliding concession to $750k
Standard owner-occupier dutyIllustrative Victorian calculation
Cash incl. duty + allowanceExcludes LMI and personal buffers
Current asking rent context
Extra after +1.00% rate
House FHB duty saving$28,370Against indicative owner-occupier duty
These are planning scenarios, not borrowing capacity or approval results.
Current lender pricing, comparison rates, fees, LMI, valuations, credit policy and personal eligibility can change the outcome.
First-home buyer assistance
Buyer schemes worth checking before you choose a deposit
This summary uses Rate Challenge's approved government-schemes information, last checked 11 August 2026. Eligibility must still be confirmed for the buyer, property and participating lender.
The recent house median sits within the full-exemption price threshold
At $555,000, the recent house median is within the Victorian first-home buyer duty exemption threshold, subject to the buyer, property and occupancy rules.
Read the Rate Challenge duty guide →A smaller deposit may be possible for an eligible buyer
The current scheme includes a 5% first-home buyer stream and a 2% stream for eligible single parents or guardians, subject to property price caps and participating-lender rules.
Check the Rate Challenge scheme calculator →$10,000 may apply to an eligible new home
The Victorian grant is for eligible first-home buyers purchasing or building a new home valued up to $750,000. It does not normally apply to an established-home purchase.
Explore current grants and schemes →Shared-equity and savings pathways have different rules
Income caps, citizenship, prior ownership, occupancy and property price caps vary. Check the current position before making the purchase dependent on a scheme.
Compare government assistance →Nearby suburb comparison
Compare the five Melton-area options
Use this table to narrow a shortlist by entry price, recent activity and asking rent. It does not adjust for the exact property, land size, condition or street.
| Suburb | House median | Unit median | House rent | House yield | House sales | Days on market | Eligible FHB duty position |
|---|---|---|---|---|---|---|---|
| Harkness3337 · City of Melton | $630,000 | $440,000 | $450/wk | 3.8% | 303 | 21 | Potential sliding concession |
| Kurunjang3337 · City of Melton | $615,000 | $449,500 | $430/wk | 3.7% | 213 | 19 | Potential sliding concession |
| Melton West3337 · City of Melton | $615,000 | $433,500 | $435/wk | 3.8% | 199 | 23 | Potential sliding concession |
| Melton3337 · City of Melton | $555,000 | $425,000 | $410/wk | 4.0% | 187 | 22 | Potential full exemption |
| Melton South3338 · City of Melton | $584,500 | $410,000 | $430/wk | 3.9% | 300 | 24 | Potential full exemption |
Wider alternatives
Also considering the Bacchus Marsh side of the corridor?
These suburbs are not identical markets, but they are practical alternatives for buyers comparing the western corridor and Bacchus Marsh region.
Bacchus Marsh
House median $650,000 · unit median $427,000 · house rent $500/wk.
Open the Bacchus Marsh buyer guide →Darley
House median $665,100 · unit median $430,000 · house rent $500/wk.
Open the Darley buyer guide →Maddingley
House median $641,500 · unit median $305,000 · house rent $540/wk.
Open the Maddingley buyer guide →People and housing
Who lived in Melton at the 2021 Census
These figures help buyers understand the broad household mix. They are suburb-wide Census statistics, not current facts about an individual street or neighbour.
Geography boundary
This section uses the exact Melton suburb boundary. It is not the combined Melton urban area and not the City of Melton local government area, both of which are much larger.
Population 20217,953
Area20.3 km²
Parks23
Park land11.7%
Owner occupied62.1%
Largest age group30-39 years
The Census population was slightly lower in 2021 than in 2016.
The recorded change was -1.4%. Boundary effects, household change and development timing can all affect Census comparisons.
Household structure
Population age
Household income bands
Occupation profile
Schools and zones
School options to check when buying in Melton
The 2025 school information lists 8 schools with an address in Melton. Enrolment figures are broad school totals, not a promise of a place. Government-school zones must be checked for the exact address and relevant school year.
| School | Sector | Type | Address | 2025 enrolment |
|---|---|---|---|---|
| St Dominic's School | Catholic | Primary | Church Street | 354 |
| St Francis Catholic College | Catholic | Secondary | 109-141 Bulman's Road | 1,864 |
| Melton Primary School | Government | Primary | Unitt Street | 517 |
| Melton Specialist School | Government | Special | 159-211 Coburns Road | 406 |
| Kurunjang Primary School | Government | Primary | 37-45 Mowbray Crescent | 576 |
| Melton Secondary College | Government | Secondary | Coburns Road | 1,463 |
| Djerriwarrh Community & Education Services | Djerriwarrh Community College | Independent | Secondary | 239 Station Rd | 42.1 |
| Muhammadiyah Australia College | Independent | Pri/Sec | 1-3 Killarney Drive | 199 |
Do not rely on the suburb name alone for a school zone.
A suburb can cross more than one zone, zones can change between years and some schools have separate campus arrangements.
Early years and further study
Kindergarten, childcare and post-school options
Service locations help buyers understand what is nearby, but vacancies, program times, eligibility and travel must be checked directly.
Check nearby services by exact address
No single nearby funded-kindergarten match was available for Melton. Search by exact address and confirm current places directly with the service.
Fernwood Melton Childcare
Limited Hours Service · approved places: 23.
Further education
TAFE and university pathways in the wider region
These are regional options rather than a claim that every course is available locally.
Kangan Institute - Melton (Western BACE)
222 Ferris Road, Cobblebank
View the campus ↗Victoria University - Sunshine Campus
438-460 Ballarat Road, Sunshine North
View the campus ↗Victoria University - Werribee Campus
235 Hoppers Lane, Werribee
View the campus ↗Health and transport
Everyday access to test before you buy
These options are useful starting points. Travel times, opening hours, service levels and construction conditions can vary.
Melton Health
209 Barries Road, Melton 3337
Urgent-care service is recorded; confirm current opening hours and services.
Check current services ↗Bacchus Marsh and Melton Regional Hospital
35 Grant Street, Bacchus Marsh 3340
A regional alternative; confirm emergency and specialist services before relying on it.
Check current services ↗Transport check
Check the address-to-station and road trip, not just the suburb name
The wider Melton area is served by Melton Station and an expanding road network. A buyer should test weekday peak, evening and weekend trips from the exact property using the live journey planner, and check current road or rail works before making an offer.
Test the trip at the times you will actually travel.
A suburb-wide description cannot show traffic, walking conditions, parking pressure or the quality of the connection from a particular street.
Before making an offer
Property-level checks that matter in Melton
The suburb can help you shortlist. The final decision must be made using the exact address, contract, building condition, planning controls and finance position.
Check the exact property in VicPlan
Review the planning zone and overlays, including flood, bushfire, heritage, development and environmental controls where relevant.
Open VicPlan ↗Use the latest official crime release
Crime figures are commonly published at postcode or council level. Do not turn a broader-area statistic into a claim about one street or property.
Check current Victorian crime data ↗Review the contract, condition and lending position
Allow for legal review, building and pest inspections, insurance, valuation risk, lender policy, LMI where applicable and a realistic cash buffer.
Use the Rate Challenge buyer checklist →Before the offer
- Compare recent sales for the same property type and land size.
- Check planning overlays, flood and bushfire information for the address.
- Confirm school zone, transport trip and insurance availability.
- Have the contract reviewed and understand easements, covenants and owners-corporation obligations.
Before finance approval
- Keep enough cash for duty, registrations, inspections, conveyancing and buffers.
- Confirm whether the chosen lender accepts the property and valuation.
- Check scheme eligibility before depending on a smaller deposit.
- Allow for repayments at a higher rate than the starting scenario.
How to use this guide1 2 3 4
Use suburb figures to ask better questions - not to skip property checks
Sale median versus value
The recent sale median describes recorded sales. The estimated median value describes the wider stock. They can differ without either being an error.
Sample size matters
A result based on hundreds of sales is usually more stable than a result based on a handful, especially for units and vacant land.
The address decides the details
School zone, planning overlays, flood, bushfire, transport access, noise and property condition can change from one street to another.
Finance remains personal
The calculator illustrates deposits, duty and repayments. It does not confirm borrowing capacity, approval, scheme eligibility or product suitability.
Buyer questions
Common questions about buying in Melton
Is the suburb of Melton the same as the City of Melton?
No. The suburb is one locality inside a much larger municipality. A property buyer should check whether a statistic describes the exact suburb, the combined urban area, postcode 3337 or the whole City of Melton before relying on it.
Is the median price what every property in Melton is worth?
No. A median is a midpoint, not a valuation. Land size, property type, age, condition, renovations, street, planning controls and recent comparable sales can materially change value.
Why is the estimated median value different from the recent sale median?
They measure different things. The sale median uses recent recorded transactions, while the estimated value measure is designed to represent the wider property stock.
Will the repayment rate update when home-loan rates change?
The page uses current Rate Challenge home-loan rates and calculates a median variable-rate example from advertised owner-occupied purchase options that suit the selected deposit level. A fallback example is shown only if the live rates cannot be reached.
Does a 5% deposit mean I can definitely buy?
No. Scheme rules, LMI, lender policy, serviceability, credit history, property acceptance and total cash requirements all matter. Use the Rate Challenge scheme calculator and obtain personal lending guidance.
Can I rely on the school, crime, flood or planning information for an address?
No. Use the school-zone and VicPlan address checks, the latest official crime information, the contract and specialist inspections before committing to a property.
About the figures and update dates
Property and population
Property-market figures were prepared on 7 August 2026. Population and demographic figures describe the 2021 Census. School enrolments are from 2025 records.
Rates and buyer assistance
The repayment section uses current Rate Challenge home-loan rates. Buyer-assistance information was checked on 11 August 2026 and links to the Rate Challenge government schemes guide.
Melton buyer enquiry
Discuss the deposit, repayments and lender pathways for a property you are considering
Bring the exact Melton property, deposit, timing and income position into one review. Rate Challenge can explain current rates, Victorian duty, available scheme pathways and broad lender differences across a 50+ lender market.
Found a property in Melton?
Turn the suburb numbers into a careful property and finance review.
Compare the address, contract and current lender options before you commit to the purchase.