Wyndham top for first home buys

The 3029 postcode, which includes Hoppers Crossing, Tarneit and Truganina, is the second-most popular in the state for first-home buyers, according to Victorian number crunchers.

Figures from the State Revenue Office show there were 724 first home owner grants paid to residents of these three suburbs during the 2015-16 financial year.

This was the second highest amount of first home owner grants claimed from among Victoria’s postcode areas.

Postcode 3977, which takes in the eastern growth suburbs of Cranbourne, Skye and three other nearby areas, pipped the west to the post, with 898 first home owner grants issued.

The 3030 postcode, which includes Werribee, Point Cook, Quandong and Cocoroc, placed sixth, after prospective residents lodged 336 successful applications.

Since 2013, eligible Victorians have been able to claim a first home owner grant of $10,000 from the state government to purchase new homes valued up to $750,000.

Hockingstuart Werribee senior sales consultant Samantha McCarthy said first home buyers are attracted to Wyndham because there are still “affordable buys” in the area.

“I believe you can absolutely still get a good-value family home in areas like Hoppers Crossing, Tarneit, Truganina, Werribee and Point Cook, as compared to outer eastern and northern suburbs that have a substantially higher median price bracket and a lot more competition,” Ms McCarthy said.

She said there was still a significant amount of competition in the marketplace, with both first home purchasers and investors attending auctions in the area.

“But in saying that – at a lot of the auctions we conduct, first home buyers seem to be the winning buyer, knocking out the investors,” she said.