Michaela Meade
Properties in the Melton municipality are selling like hotcakes, with new Real Estate Institute of Victoria (REIV) data revealing the impressive performance.
Brookfield, Melton, and Taylors Hill were revealed to have a quarterly price change substantially above the Victorian state average for the September 2021 quarter, according to the data.
Brookfield had a quarterly price change of 16.1 per cent and a median sale price of $558,000 for the reporting period.
Melton had a price change of 16.2 per cent and a median sale price of $510,000, and Taylors Hill had a price change of 15.5 per cent and a median sale price of $885,000 for the same reporting period.
YPA Estate Agents Sydenham deal with real estate in Sydenham and surrounding areas, including Taylors Hill.
Chief operations officer Nancy Crupi said the REIV data reflected what she was seeing in the market for Taylors Hill.
“With not many homes available, buyers will push up the prices as they want to get into the suburb,” she said.
“The suburb is growing. With it being a newer suburb, people from the area like the location which is close to all amenities needed in our busy lifestyles.
“The suburb is also made up of many nationalities and growing families from surrounding suburbs.”
Ms Crupi said the YPA office in Melton was “very busy in all areas”.
“The director of [the Melton] office Shane Spiteri has said the growth in suburb prices right through that corridor has increased in each region,” she said.
“He has seen more buyers come out than ever before in the market.
“Properties are not lasting long on the market.”
Ms Crupi said now was a good time for people to get onto the house market.
“With the market being so strong, now is a great time to sell if you are thinking of moving,” she said.
“Engage an agent with a healthy database and great marketing strategies and you will be able to achieve a very good result.”
