Melton South House Prices 2026: Median Data, Trends & Growth Forecast

You want Melton South prices without agent fog: what a normal house costs, what a unit costs, and whether the cheaper entry point is actually smart. The short answer is houses are moving; units are cheaper, but slower.

The Verdict

The pick in Melton South is the median 3-bedroom house at $721,508, not the unit. That is the number to use if you are budgeting seriously, because it sits right on the suburb’s main owner-occupier lane: family-sized, financeable for some first-home buyers, and still below many established western suburbs closer to Melbourne. The house median is up 7.1% year on year, with 181 settled sales across the past 12 months and a median 56 days on market. That is not a frenzy, but it is a real market with enough volume to trust the signal.

Units are the affordability play at $376,556, and the 3.9% rental yield looks better than houses on paper. But the growth is thin: only +1.3% year on year, against +7.1% for houses. If you are buying to live cheaply, a unit can make sense. If you are buying because you want land, family demand, and a cleaner resale story, the house number matters more. Budget around the 20% deposit too: about $144,301 for houses versus $75,311 for units. First-home buyers should also factor the quoted stamp duty concession number, with the median-house stamp duty falling from about $39,682 to $32,467 if eligible. Don’t buy the unit just because the weekly yield is higher; if capital growth is your main goal, you may regret picking the cheapest door instead of the stronger market.

Local Reality

Melton South is not a neat little inner-suburb market where every extra bedroom adds value in a tidy line. The pricing is being pulled by two different stories at once: established family houses and the newer growth-corridor stock that first-home buyers keep circling. That is why the 3-bedroom house median at $721,508 is the real anchor, while the 4-bedroom median jumps to $937,960 and 5+ bedroom houses sit around $1,154,412. The jump is steep enough that buyers stretching for space need to be honest about whether they are paying for usable family room or just chasing a larger floorplan.

The first local landmark is Melton South itself: this is the suburb filter you need to keep strict when comparing sold prices, because nearby growth areas can make the numbers feel cleaner than your actual shortlist. The second is the growth corridor mentioned in the buyer data, where new builds can still line up with first-home buyer grants. That new-build angle matters, but it also makes comparison harder: a fresh 4-bedroom package and an older 3-bedroom home are not interchangeable just because the map says Melton South.

Skip this if you need a fast, high-certainty resale in under a year. The median days on market is 56, so sellers are not always getting instant exits. If you are west of your preferred school, station, or daily commute point, do not force the suburb average to justify the wrong pocket; compare against the neighbouring suburb or estate you would actually live in. A tight 2.7% vacancy rate is good for landlords, but it does not remove the need to buy the right dwelling type.

Who This Suits

If you are a first-home buyer who wants the most mainstream choice, use the 3-bedroom house median of $721,508 as your working number. If you are a budget buyer trying to keep the deposit under control, the 2-bedroom unit median at $376,556 is the cleaner entry point. If you are an investor chasing income first, the 2-bedroom unit rent at $289 per week and 3.9% yield deserves a look. If you are a family upsizer, the 4-bedroom house median at $937,960 is the number that tells you whether Melton South still works before you waste weekends inspecting.

Cost expectations need to be blunt. A median house deposit at 20% is about $144,301 before purchase costs, while a unit deposit is about $75,311. Stamp duty on the median house is listed at $39,682, or $32,467 for first-home buyers with concessions. Those numbers are why buyers who say they are looking at “around $700k” need to check cash, not just borrowing power. The purchase price is only one line in the spreadsheet.

Timing also matters. A 65% auction clearance rate suggests buyers still have competition, but not the kind of market where every listing is untouchable. With 56 median days on market, there can be room to negotiate on stale listings, especially if the property is awkwardly presented or priced above the suburb’s actual bedroom bracket. Early 2026 data shows houses doing the heavy lifting on growth, so treat old unit listings and overconfident townhouse pricing carefully.

What to Do Next

Use $721,508 as your house benchmark, then test every listing against bedroom count, deposit, and days on market before inspecting. For the broader suburb view, read the Melton South property market guide.

Current Median Prices

Market Indicators:

• Days on market (median): 56 days
• Auction clearance rate: 65%
• Total sales (last 12 months): 181 settled

Price Breakdown by Bedroom Count

Houses

Units & Apartments

Growth Trend (5-Year View)

Rental Market

Vacancy rate: 2.7% (tight market, landlord-favourable)

Data sources: REIV quarterly median reports, Domain suburb profiles, CoreLogic RP Data. Figures represent settled sales for the 12 months to March 2026. Individual sale prices vary significantly based on condition, aspect, and exact location.