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ABS 2021 Census · Updated 21 May 2026
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 per year.
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.
Official Australia Post postcode for Melton. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 2 schools within or near this suburb.
Find schools near Melton on My School →Estimated 3 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
7,953 residents places Melton squarely in the middle of the Victoria suburb size distribution (state median 7,416), with market depth comparable to most VIC localities. Melton's median household income of $55,016/year is 42% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median weekly rent of $300 equates to $1,300/month — about 100% of the median mortgage repayment of $1,300/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. At 34 km from Melbourne, Melton is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
This suburb suits yield-focused investors who are comfortable with lower liquidity. Employment concentration and local population trends matter more here than in metro markets. Local rents consume roughly 28% of household income — a useful sanity check on tenant affordability.
How Melton stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Melton sits above the state median; negative means below.
| Metric | Melton | VIC median | Δ vs state |
|---|---|---|---|
| Population | 7,953 | 7,416 | +7% |
| Median household income | $55,016/yr | $95,160/yr | -42% |
| Median rent (weekly) | $300 | $380 | -21% |
| Median mortgage (monthly) | $1,300 | $1,950 | -33% |
| Distance to CBD | 34 km | 32 km | +6% |
| Separate houses | 77% | 78% | -1pp |
Pre-inspection briefing for Melton — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: household incomes 42% below the VIC median ($55,016 vs $95,160) means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Strong rental coverage: $300/week (~$1,300/month) covers 100% of the $1,300/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.
With 77% houses in a 7,953-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Melton property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Melton are modest for 2026 — incomes 42% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~100% of the typical mortgage ($1,300/month rent vs $1,300/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 41/100 places Melton in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Melton scores 41/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 7,953, median household income of $55,016/year and median weekly rent of $300. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Melton are a median household income of $55,016/year, a dwelling mix that is 77% separate houses, roughly 2 schools and 3 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Melton has a usual resident population of approximately 7,953, compared with a Victoria suburb median of 7,416 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Melton sits 34 km straight-line from the Melbourne CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $300 in Melton, equating to approximately $15,600/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Melton is $1,300, or approximately $15,600/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $300 works out to $1,300/month, covering 100% of the median mortgage repayment of $1,300/month. That means rent exceeds the median repayment by roughly $-0/month, so on these numbers Melton leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,300 median mortgage, below-median household incomes ($55,016 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.