A Tarneit residence with six bedrooms, a theatre area and its own nursery has set a new price record for the suburb.
The property, at 413 Morris Road, was sold for $1.225 million last month by Abhi Elawadhi and Kamlesh Kamani from Reliance Real Estate.
In November, the duo sold a house in Scarborough Court for $1.14 million, which was the previous record price for Tarneit.
Mr Elawadhi described 413 Morris Road as the “Toorak of Tarneit”
The house is set on about 998 square metres.
Its features include an automated car garage with an inbuilt car hoist and an outdoor entertainment area, complete with a pizza oven and spa.
A “huge nursery” in the garden is filled with plants valued at $20,000.
Mr Elawadhi said the property sold after being on the market for less than a week.
“We had a terrific response with more than 70 inquiries, from across Melbourne, including Frankston, Reservoir and Altona,” he said.
“Also from a lot of local Wyndham residents, who have their businesses nearby.”
Mr Elawadhi said that the family selling the house wanted to upsize.
He said there was plenty of demand for bigger properties, due to more people working at home, post-COVID.
Figures released by property information and analytics provider CoreLogic show that in the 12 months to February 28, median house values in Tarneit rose by 2.5 per cent to $595,083.
Houses in Point Cook increased by 2.6 per cent to reach a median of $703,401, while Truganina houses increased in value by 2.5 per cent to a $615,488 median.
Williams Landing house prices increased 2.3 per cent to hit a median of $666,537; Werribee houses grew by 1.9 per cent to $538,818; and Hoppers Crossing by 1.6 per cent to a median of $559,739.
CoreLogic research director Tim Lawless said that housing values in the outer west increased 2.8 per cent overall, in the three months to February 28.
“With a median dwelling value of $608,840, it’s also one of Melbourne’s most affordable markets,” Mr Lawless said.
“With first home buyers so active and flexible working arrangements becoming more popular, affordable detached housing markets around the outer fringes are in high demand.”
