House prices in Wyndham rose by an average of $20,000 in the December quarter last year, but the city remains one of Melbourne’s most affordable municipalities.
Latest figures from the Real Estate Institute of Victoria, based on sales between October and December, reveal average house prices in Wyndham ranged from $336,000 in Wyndham Vale to $425,000 in Point Cook.
The median metropolitan house price was $643,000.
Hoppers Crossing recorded the highest growth in Wyndham, with prices rising 11 per cent from $328,500 in September to $363,500 in December. Point Cook was the only suburb to record a decline in average prices, falling 3 per cent from $437,786.
Ruby Sweeney, of Tarneit’s Sweeney Estate Agents, said she expected Wyndham would remain affordable.
Emily Huang has lived in Point Cook for two years and recently bought a house in Williams Landing. She said affordability played a large part in her decision to stay in Wyndham, despite the city lacking the infrastructure of many eastern suburbs.
“There’s potential for growth here. We can see the work being done to improve infrastructure and the amenity of the area.”
Ms Sweeney said most prospective homebuyers understood they were making a long-term investment. “They have done their research and they know when train stations and shopping centres are coming.”