House prices on the surge in Wyndham with an annual change of 9.2 per cent
According to new REIV data, the median house price in Wyndham continues to rise.
Tarneit turns out to be the winner with a %6.8 increase in house prices this quarter compared to Metro Melbourne which is a -0.3%.Manor lakes came in second with a %5.1 and Hoppers Crossing jumped up by %4.5.
The area is home to an excellent array of schools, sports facilities, parks, bike tracks, and local hubs. There are also excellent public transport options, as well as exciting new waterfront developments
The data indicates clear signs of Wyndham being one of the best-performing areas in Victoria and it’s resilience to market conditions presenting an opportunity to everyone living in municipality
Wyndham recorded an annual change of 9.2 per cent and the median house price in the municipality is $655,000.
Reliance Manor Lakes director Taney Jain told Star Weekly the municipality was made up of suburb pockets, and location was a determining factor when it came to area growth.
“Location is one thing in real estate that cannot be changed, and those pockets which are located well, those are the ones which are growing a lot and more in demand,” Mr Jain said.
Mr Jain believes Wyndham’s proximity to Avalon airport, planned freeway upgrades and further development of new schools will continue to entice buyers.
While Melbourne house prices have been rising steadily in recent years, Wyndham is showing rapid growth