Alfredton vs Melton: Property Investment Comparison 2026
Side-by-side investment comparison to help you decide which suburb suits your investment goals.
Alfredton
lowVIC 3352
Melton
lowVIC 3337
Overview
This guide compares Alfredton (VIC, 3352) and Melton (VIC, 3337) as property investment options.
| Feature | Alfredton | Melton |
|---|---|---|
| State | VIC | VIC |
| Region | Regional Minor | Metro Outer |
| Risk Level | Low | Low |
| Hybrid Score | 5.0/10 | 9.0/10 |
Price Comparison
| Price Metric | Alfredton | Melton |
|---|---|---|
| Median House | $605,000 | $560,000 |
| Median Unit | $390,000 | $370,000 |
| Median Townhouse | N/A | $460,000 |
Melton offers a lower entry price, approximately $45,000 (7%) cheaper at the median level.
Rental Yield Comparison
| Yield Metric | Alfredton | Melton |
|---|---|---|
| Gross Yield | 4.30% | 4.09% |
| House Rent/wk | $500 | $440 |
| Unit Rent/wk | $333 | $397 |
| Vacancy Rate | N/A | 1.4% |
| Days on Market | N/A | 24 |
Alfredton offers the higher gross yield at 4.30%, a difference of 0.21 percentage points.
Growth Comparison
| Growth Metric | Alfredton | Melton |
|---|---|---|
| 5yr Growth p.a. | 6.0% | 6.5% |
| 10yr Growth p.a. | 5.1% | 7.2% |
| Growth Score | 8.0/10 | 9.0/10 |
Melton has demonstrated stronger recent growth at 6.5% p.a. over the past 5 years.
Demographics Comparison
| Demographic | Alfredton | Melton |
|---|---|---|
| Population | 18,922 | 68,000 |
| Median Age | 40 | 33 |
| Household Income | $96,616 | $80,000 |
| Unemployment | 2.8% | 5.0% |
| Owner-Occupier | N/A | 68% |
Risk Comparison
| Risk Metric | Alfredton | Melton |
|---|---|---|
| Risk Level | Low | Low |
| Price Stability | N/A | 7.0/10 |
| Volatility | N/A | 3.5 |
Alfredton risks:
Melton risks: Long commute to CBD currently; New housing supply pressure; Limited established amenity in newer areas
Investment Verdict
Who should invest where?
Growth seekers may prefer investigating Melton (growth score 9.0/10, 5yr growth 6.5% p.a.). This suburb is better positioned for capital appreciation over a longer holding period.
Yield hunters may prefer investigating Melton (yield score 8.0/10, gross yield 4.09%). This suburb provides stronger rental returns and better cashflow potential.
Balanced investors seeking both growth and income may prefer Melton (hybrid score 9.0/10), which offers the best overall combination of metrics.
This information is general in nature and does not constitute personal financial advice. Investment decisions should be based on your individual circumstances. Consider seeking professional advice before making any property investment.
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