Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
VIC › Melton South › Phillip St
$500,000
Last sold
25 Feb 2026
3
Bedrooms
1
Bathrooms
1
Car spaces
341.16 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$500,000
25 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Melton South (last 5 years) with land size have a median of $1,014/m² of land (n=119). Districts calculation from recorded sales — not a valuation.
Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
Vs Melton South
-14.2%
Median sale
Suburb $582,500
+0.66 pp
Gross yield
Suburb 3.97%
Suburb median $582,500 from 165 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $445/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Melton South at a glance
14,419
People
$582,500
Median sale
$445/wk
Median rent
3.97%
Suburb gross yield
Median sale from 165 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White MeltonSet within a quiet, established street and surrounded by long-standing homes, 22 Phillip Street, Melton South presents a comfortable and well-located opportunity where lifestyle convenience takes centre stage. Situated on an allotment of approximately 340m², the property offers a practical balance of space and low-maintenance living, well suited to a range of buyers.
Ideally suited to first-home buyers, downsizers and investors, this inviting residence offers a practical, easy-to-live-in layout with broad appeal. The home is immediately comfortable, while still allowing scope to personalise or enhance over time (STCA), making it a flexible option for owner-occupiers and those seeking a solid investment in a proven location.
Inside, the home is filled with ample natural light, creating a warm and welcoming atmosphere throughout. The main living area is well-proportioned and features wall heating, complemented by a split system air conditioner for year-round comfort. A separate main dining area provides a dedicated space for everyday meals or casual entertaining.
The kitchen includes a pantry and is conveniently positioned within the home, connecting seamlessly to the living and dining zones for easy everyday living. Accommodation comprises three bedrooms, with the master bedroom and second bedroom both featuring built-in robes, while the third bedroom is well suited as a child's room, guest room or home office, offering flexibility to suit a range of lifestyle needs.
The central bathroom is neatly positioned to service all three bedrooms and is complemented by a separate toilet for added practicality-ideal for busy mornings and day-to-day living. Completing the layout, the laundry is well located and provides direct access to the backyard, making it easy to move between indoor tasks and outdoor living, whether you're hanging washing, keeping things organised, or stepping straight out to the entertaining area.
Outdoors, a spacious backyard creates the ideal setting for entertaining, barbecues or relaxed family time, without the burden of excessive upkeep. A single car garage with manual roller door includes internal access to the home and backyard, enhancing security and functionality. The property is also equipped with a hot water system. The surrounding neighbourhood is well-established and community-focused, offering long-term lifestyle appeal and consistent demand from both owner-occupiers and investors.
One of the standout features of this home is its highly convenient Melton South position, with key amenities all close by, including:
• Melton South Primary School and St Anthony's Primary School
• Melton Secondary College
• Melton South Shopping Centre for everyday essentials
• Woodgrove Shopping Centre just minutes away for major retail, dining and entertainment
• Local parks and reserves ideal for leisure and family enjoyment
• Melton Train Station and nearby bus services providing access to Melbourne's CBD
• Easy connectivity to major arterial roads, including the Western Freeway
• A compelling opportunity to secure a well-positioned home in one of Melton South's most accessible pockets.
• This property is selling at auction on Wednesday, 25th February 2026 at 6:00 pm and will be conducted in-room (and online) at the Melton Events Center/Melton Racecourse - Address: 2 Ferris Rd, Melton VIC 3337.
Inspect to appreciate the comfort, location and versatility on offer. Enquire today to arrange your inspection.
Photo ID Required for All Property Inspections
Please refer to the link below for the most recent Due Diligence Checklist:
https://bit.ly/RWDue_Diligence
Please refer to the link below for Ray White's Collection Notice:
https://bit.ly/RW_PrivacyNotice
DISCLAIMER: All dimensions are approximate. The details provided are for general information purposes only and do not constitute any representation by the vendor or real estate agent. This document has been prepared solely for marketing purposes. While every effort has been made to ensure the accuracy of the information, we do not accept responsibility for any errors. Prospective buyers should conduct their own inquiries to verify the information provided.
Listing description written by Dimitrios Kallitsis, Ray White Melton — reproduced as published, not verified by Districts.
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