Melton vs Cobblebank.
Comparing two suburbs with median house prices of $510,000 and $602,500. Melton edges out on more headline metrics in this comparison.
Melton (median $510,000) is roughly 15% cheaper to buy into than Cobblebank ($602,500).
On school quality, the average ICSEA across schools serving Melton (980) sits above Cobblebank (979).
For buyers
Melton is the lower entry point at $510,000 median, 15% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Melton offers the higher gross rental yield (4.59% vs 2.94%), favouring cash-flow investors.
For families
Melton edges out on average school ICSEA (980 vs 979).
Common questions
Is Melton or Cobblebank cheaper to buy in?
Melton has the lower median house price at $510,000, roughly 15% below Cobblebank ($602,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Melton or Cobblebank have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Melton scores 980 vs 979 in Cobblebank. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Melton or Cobblebank?
Gross rental yield on houses is 4.59% in Melton vs 2.94% in Cobblebank. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Melton against another suburb