By Alesha Capone
Houses in Williams Landing, Seabrook, Point Cook and Altona are becoming increasingly popular with buyers, according to new figures released by the Real Estate Institute of Victoria.
Williams Landing houses have gone from an average of 105 days on the market compared to 64 days in the previous 12 months, while houses in Seabrook have gone from an average of 84 days on the market down to 49, as revealed by REIV data.
Point Cook houses went from an average of 71 days on the market to 52 and Altona houses went from an average of 48 days on the market to 32.
REIV president Richard Simpson said there was a “clear trend” showing that properties within the four suburbs were in demand.
“Melbourne’s south-west is becoming increasingly popular with buyers, especially young families,” he said.
He attributed the attraction to access to public transport, proximity to the CBD, plenty of green open space, shopping centres and community facilities.
“Properties in Williams Landing sold 41 days faster this August compared with 2017, while those in neighbouring Seabrook were on the market for 35 fewer days.
“Point Cook listings sold 19 days quicker and the days on market for Altona narrowed by 16 days.”
Mr Simpson said the median house price in Point Cook increased 13.4 per cent across the 12 months to June 30 this year to $706,000, while the median price for Williams Landing houses increased by 10.6 per cent to $685,000.
He said the areas of Melbourne in which houses remained on the market for the smallest amount of time included Millgrove (10 days), Upwey (14), Woori Yallock (14), Yarra Junction (15) and Launching Place (15).
