True annual cost of living in Melton South, VIC 3338
Living in a house in Melton South costs about $11,783 a year: council rates, water and sewerage, commute and home insurance combined. Melton South sits 36.4 kilometres from Melbourne CBD. Unit costs reach $12,483, with the $2,100 owners corporation levy accounting for the entire difference between the two. At 36.4km, the commute dominates running costs. Drivers pay $4,711 more per year than public transport users.
About $227 a week to run a house here, including estimates
Unit annual cost
$12,483
Incl. owners corporation
$1,040/month
About $240 a week to run a unit here, including estimates
House vs unit difference
+$700
Unit costs more per year
Annual cost breakdown
Council rates
Official, 2026-27 Melton rates
$1,632
Water & sewerage
Official, 2026-27 Greater Western Water (western)
$1,517
Driving commute
Modelled, 2026-27 ATO 91c/km · 36.4km from CBD · 192 days
$6,934
Home insurance
Estimated flood Low · fire Low
$1,700
Owners corporation
Estimated
$2,100
Total annual running cost
$11,783
($982/month, $227/week)
Excludes electricity, estimated separately below. Also excludes the state Emergency Services and Volunteers Fund levy on your rates notice: $139 a year plus 17.3 cents per $1,000 of your home's capital improved value (2026-27).
Near Melton City Council average
SuburbCost affordability score ●●○○○4.9/10 Poor
Cheaper to run than 18% of Melton City Council suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$1,870/yr
4,840 kWh
Unit
$1,528/yr
3,630 kWh
Estimated from AER residential benchmarks for Melton South's climate zone at 2026-27 regulated prices for its electricity network. Get the free report for a breakdown by your exact number of occupants.
Getting around Melton South
within a 2 km walk
Nearest stop
Melton, 246 m away, about a 3 minute walk. It is a train stop.
Nearest hospital
Melton Health Hub, 2,336 m away, about a 29 minute walk.
Supermarkets
2
Cafes
0
Parks
34
Counted from OpenStreetMap via Overpass inside a 2 km walking radius of the suburb centre, built 2026-11-03. Distances are straight line from that centre, so a specific address can be closer or further. Mapping is contributed and can lag a new opening.
Is it cheaper to drive or take public transport from Melton South to the CBD?
Public transport saves Melton South residents $4,711 per year. Annual commute cost by car is $6,934 versus $2,223 by public transport using a yearly myki Pass at the 2026 standard full fare.
What are the council rates in Melton South?
Melton South falls under Melton City Council. The average residential rate for 2026-27 is $1,632 per year, from the council's budget: residential rate revenue divided by the number of residential assessments, plus the council's municipal charge where it sets one. Victorian councils rate on capital improved value, so individual properties pay more or less than the average. The figure excludes waste charges and the state Emergency Services and Volunteers Fund levy.
What does it cost to run a unit in Melton South?
Running a unit in Melton South costs approximately $12,483 per year by car or $7,772 by public transport. This includes council rates of $1,632, water and sewerage $1,517, estimated owners corporation levy of $2,100, and contents insurance of $300. Owners corporation fees vary significantly between buildings. Always confirm the actual levy before purchasing.
Is Melton South close to public transport?
The nearest scheduled service to the centre of Melton South is Melton, a train stop about 246 m away, about a 3 minute walk. That is measured from the suburb centre, so an individual address can be nearer or further. The commute figure used in the running cost on this page assumes driving, not this service.
What is the closest hospital to Melton South?
The closest hospital to the centre of Melton South is Melton Health Hub, about 2,336 m away, about a 29 minute walk. Distance is straight line from the suburb centre and does not account for the road route or whether the hospital has an emergency department.
What shops and parks are in Melton South?
Within a 2 km walk of the centre of Melton South there are 2 supermarkets, 0 cafes and 34 parks. These counts come from OpenStreetMap via Overpass, which is contributed mapping and can lag a recent opening or closure.
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10-year cost projection
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Data sources: Council rates: Melton rates (2026-27 budget). Water: Greater Western Water (western) 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: estimated from ACCC 2026 premium rates for the area's cyclone risk on a standard $600,000 home, adjusted for flood and fire, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Flood: Victorian planning scheme flood overlays (FO, LSIO, SBO). Fire: Bushfire Management Overlay and Bushfire Prone Area. Data last verified November 2026. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.