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Werribee’s hot property

A four-bedroom Werribee property backing on to the Werribee River could break a suburb price record.

The double-storey Watergum Court property, which has been on the market for about three weeks, spans 49.5 squares and includes marble benchtops and vanities, a built-in bar adjoining the kitchen and dining areas, heated polished concrete floors in the open-plan kitchen, dining and living area and an alfresco barbecue area.

According to the Real Estate Institute of Victoria, a 30-square-metre double-storey property on Ziema Court is the most expensive Werribee property ever to be sold. It changed hands in November, 2016, for $1.4 million.

YPA Werribee sales manager Kirsty Cunningham said the Watergum Court property was one of the best and most well constructed houses she’d ever seen. It is on the market because its owners are downsizing.

“The quality of this house is impressive,” she said.

“There’s a lot of top-end homes out there being built. People aren’t scared to spend $1.5 to $2 million on building any more … but they typically don’t turn over.”

REIV chief executive Gil King said 20 Wyndham properties this year – 19 houses and one block of units – had sold for more than $1 million.

The most expensive Wyndham residential property to sell this year to date is a four-bedroom resort-style Sanctuary Lakes house on Heron Way that fetched just under $2 million.

“There is no question that Wyndham’s property market is hot right now,” Mr King said.

“Over the past year we have seen
the median property price rise by around 17 per cent – and up to 20 per cent in some suburbs, such as Hoppers Crossing and Wyndham Vale.”

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