Properties in the older parts of Wyndham are being snapped up quicker than those in new estates.
A Days on the market map on the Real Estate Institute of Victoria website shows Truganina and Hoppers Crossing properties spend a median 40 and 41 days respectively on the market before being snapped up.
Homes in Tarneit generally sell within 42 days, in Werribee in 48 days, Wyndham Vale properties in 54 days, Williams Landing properties in 84.5 days and Point Cook properties in 99 days.
Raine and Horne Werribee sales executive Joh Bauch said land releases and a surplus of stock on the market in Point Cook contributed to their lengthier sales period, while properties in Hoppers Crossing were snapped up quickly because of a stock shortage.
Mr Bauch said he recently sold a four-bedroom property on Westmill Drive, Hoppers Crossing, in two days.
“Hoppers Crossing has a fast turn-around; properties are selling like hot cakes,” he said.
“The more established side of town, including Hoppers Crossing and Werribee, is more popular at the moment because of the work being done at Pacific Werribee and proximity to public transport.
“Hoppers Crossing and Point Cook are roughly the same distance from the city, but the average price is $347,500 in Hoppers Crossing and $530,000 in Point Cook.
And people are more inclined to buy in Hoppers Crossing, in an area that’s already established and where there’s less traffic congestion.”
