The Melton South median house price is $526,000, recorded for the April to June 2025 quarter according to DataVic and REIV data (via Collings CRM). That figure represents a quarter-on-quarter rise of 2.5%, though it sits 5.2% below the same period in 2024, reflecting the broader softening across Melbourne’s outer-west growth corridor. If you are buying, selling, or investing in Melton South property, understanding what sits behind that headline number is essential.

What Is the Melton South Median House Price Right Now?

The headline figures for Melton South across all property types, sourced from DataVic and REIV data via the Collings CRM research database for the April to June 2025 quarter, are as follows:

• Houses: $526,000 (QoQ +2.5%, YoY -5.2%)
• Units: $393,000 (QoQ -3.1%, YoY -5.4%)
• Land: $320,000 (QoQ 0.0%, YoY -1.5%)

The modest quarterly recovery in house prices is a positive signal after a period of downward pressure, yet the year-on-year decline of 5.2% confirms that Melton South has not been immune to the rate-driven correction that has affected much of Melbourne’s outer fringe since 2023. Units have fared slightly worse on an annual basis, down 5.4%, while vacant land has held relatively steady with a negligible 1.5% annual decline and no movement in the most recent quarter.

For context, the inner-north suburbs tracked by Collings tell a different story at different price points. Our guides to the median house price in Reservoir and the median house price in Preston illustrate how established middle-ring suburbs have held values more firmly through the same cycle, partly due to tighter land supply and stronger owner-occupier demand.

What Do the Melton South Demographics Tell Buyers and Investors?

Numbers never exist in a vacuum. The ABS Census 2021 records a population of 11,362 in Melton South, with a median age of 35.0 years, a median household income of $1,209 per week, and a median rent of $300 per week. These are a young, working-age population profile typical of outer-growth-corridor suburbs, where first-home buyers and young families dominate demand.

What does the income-to-price ratio mean for affordability?

With a median household income of $1,209 per week (roughly $62,868 per year), and a median house price of $526,000, Melton South sits at a price-to-income multiple of approximately 8.4 times gross annual household income. That remains elevated by historical standards, but it is considerably more accessible than Melbourne’s inner and middle-ring markets. For buyers priced out of suburbs like Thornbury or Northcote, Melton South continues to represent a genuine entry point into home ownership.

What does the rental data suggest for investors?

The ABS Census 2021 median rent of $300 per week reflects a 2021 snapshot. Rents across Melbourne have risen sharply since then. According to Herron Todd White’s March 2026 Month in Review, Melbourne-wide vacancies remain extremely low and rents have risen sharply across most segments. For outer-growth-corridor suburbs in Melbourne’s west, gross rental yields on houses have been improving as land values plateau while asking rents climb. Investors targeting Melton South should stress-test current market rents (which are likely to sit materially above the 2021 Census figure) against the $526,000 median purchase price when modelling yield.

What Are the Key Considerations When Buying or Selling in Melton South?

Whether you are buying in Melton South for the first time, selling after several years of ownership, or investing in Melton South as part of a broader portfolio, there are several factors that shape your position in this market.

Supply pipeline and land releases

Melton South sits within one of Victoria’s designated growth corridors. Ongoing land releases and new estate developments continue to add supply, which places a natural ceiling on price growth compared to land-constrained suburbs. The flat quarterly land price of $320,000 (QoQ 0.0%) reflects this dynamic directly. Buyers of new land or house-and-land packages should factor in that comparable new stock will continue to compete with their asset at resale.

Infrastructure and liveability investment

The Melton South area has benefited from ongoing investment in local schools, retail precincts, and road infrastructure. The western growth corridor more broadly is a focus of state government planning, with long-term transport projects (including ongoing advocacy for improved rail access to Melton) that, if delivered, could act as a meaningful price catalyst. Herron Todd White’s March 2026 review noted that Melbourne’s outer growth areas are gaining renewed investor traction as yields improve, with suburbs like Mickleham and Craigieburn referenced specifically for gross yields above 4.5% on houses, a trend that has relevance for comparable outer-west locations like Melton South as well.

Vendor pricing expectations versus buyer capacity

With house prices down 5.2% year-on-year, vendors who purchased at or near the 2022 to 2023 peak need to recalibrate their expectations. The quarterly recovery of 2.5% is encouraging but does not erase the annual decline. Buyers, on the other hand, are in a relatively stronger negotiating position than they were two years ago, particularly for units (down 5.4% YoY) and land (off its highs). A current, independently prepared appraisal is critical for both sides of any transaction.

For a broader comparison of how Melbourne’s suburban markets are performing, our analysis of the median house price in Northcote shows how inner-north values have tracked through the same rate cycle at a very different price point.

How Does Collings Real Estate Help You Navigate the Melton South Property Market?

Collings Real Estate is an independently owned Melbourne agency with a track record built on data, transparency, and straight advice. Our research team monitors median house prices across Melbourne’s suburbs continuously, which means our appraisals are grounded in the most current transactional evidence, not stale desktop estimates.

Free property appraisal

If you are considering selling in Melton South, the single most important first step is understanding what your property is actually worth in the current market. Our agents will assess your property against recent comparable sales, account for the quarterly and annual price movements shown in the data above, and provide you with a realistic, defensible price guide. There is no obligation and no cost.

Off-market and portal access for buyers

Buyers who register through the Collings property portal gain access to off-market listings and early-release properties before they hit the major portals. In a market where the best-priced stock moves quickly, being first matters. Register for the Collings off-market portal here to stay ahead of new Melton South listings.

Investment advice grounded in yield data

For investors evaluating Melton South alongside other Melbourne opportunities, Collings can model gross and net yield scenarios based on current rental market conditions and the median prices above. Our inner-north expertise (covering suburbs from Brunswick to Ivanhoe) also means we can help you compare Melton South’s value proposition against other Melbourne sub-markets. Our guide to the median house price in Brunswick is a useful reference point for understanding how inner-ring yields compare.

To speak with a Collings agent directly, call 03 9486 2000, email info@collings.com.au, or visit us at 230 Waterdale Road, Ivanhoe VIC 3079.

Frequently Asked Questions About Melton South Property Prices

What is the median house price in Melton South in 2025?

According to DataVic and REIV data (via Collings CRM), the median house price in Melton South for the April to June 2025 quarter is $526,000, up 2.5% quarter-on-quarter but down 5.2% year-on-year.

What is the median unit price in Melton South?

The median unit price in Melton South for the April to June 2025 quarter is $393,000, reflecting a quarter-on-quarter decline of 3.1% and a year-on-year decline of 5.4% (DataVic/REIV via Collings CRM).

What is the median land price in Melton South?

Vacant land in Melton South had a median sale price of $320,000 in the April to June 2025 quarter, flat quarter-on-quarter and down 1.5% year-on-year (DataVic/REIV via Collings CRM).

Is Melton South a good suburb to invest in?

Melton South offers relatively affordable entry prices compared to Melbourne’s middle and inner rings. With rents rising across Melbourne (as noted in Herron Todd White’s March 2026 Month in Review) and vacancy rates remaining low, gross rental yields on houses and units have been improving. Investors should weigh the ongoing land supply pipeline against yield upside.

How does Melton South’s median price compare to inner Melbourne suburbs?

Melton South’s $526,000 median house price sits well below inner-north and inner-east Melbourne suburbs. For comparison, Collings tracks median prices across Preston, Reservoir, Brunswick, Northcote, and other established suburbs where medians typically range from the $700,000s to well over $1,000,000 for houses.

Whether you are buying in Melton South for the first time, selling an investment property, or comparing locations for your next purchase, the data above gives you a reliable, sourced starting point. For a personalised view of your specific property’s current market value, request a free property appraisal from Collings Real Estate today. Call us on 03 9486 2000 or email info@collings.com.au.