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Suburb Insights ยท VIC 3337

Melton 3337, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Melton is a regional centre in Victoria, Australia, with a population of approximately 7,953, making it a smaller community. Located approximately 34 km from the Melbourne CBD, Melton is a regional area in Victoria. The median household income is $55,016 AUD per year (ABS 2021 Census).

Investment Score

41 / 100 Moderate

Melton's income profile suggests a value-oriented market with competitive purchase prices. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Melton, Victoria, Australia.

Key Indicators

Postcode
3337

Official Australia Post postcode for Melton. A postcode may cover multiple suburbs.

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Population
7,953

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$55,016/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
34 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
3

Estimated 3 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,300/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
77% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Melton serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,300/month. 77% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Long-term holding in Melton requires careful assessment of local economic resilience.

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Rental Yield

Melton can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Melton may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Melton property

Full Property Analysis

30-year projections for Melton

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Melton faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental market in Melton should see steady occupancy, with moderate upward pressure on rents. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Melton a good suburb for investment?

Melton is a regional area in Victoria with a population of 7,953. The median rent is $300/week and the median household income is $55,016/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Melton?

Key demand drivers in Melton include regional employment hubs, lifestyle, and affordability. 77% of dwellings are separate houses. The area has approximately 2 schools and 3 parks nearby.

What is the population of Melton?

According to the ABS 2021 Census, Melton has a population of approximately 7,953. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Melton from the Melbourne CBD?

Melton is approximately 34 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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