Melbourne's Wyndham leads price growth in all of Australia over last 10 years: CoreLogic
Home values in Melbourne’s outer south-western region of Wyndham led value growth in all of Australia over a period of 10 years, according to CoreLogic RP Data.
Dwelling values climbed by 129.9% over the past decade in the Victorian suburb.
Regions around Sydney and Melbourne recorded the strongest growth in property values over the last 10 years, according to CoreLogic’s recent list of the best performing property markets in the past 10 years.
CoreLogic’s methodology is based on the best performing property markets at an SA3 level (SA3 represents a regional area serviced by major transport & commercial hub with a population of between 30,000 and 130,000 people).
The median price of dwellings in Wyndham was $540,644, according to CoreLogic data.
A three-bedroom house at 6 Juliana Avenue, Wyndham Vale (picture above) sold in November 2017 for $525,000. It previously transacted for $285,000 in 2004, CoreLogic data shows.
A four-bedroom house at 12 Fatham Drive, Wyndham Vale sold for $460,000 in November 2017, according to CoreLogic data. It previously sold in January 2015 for $300,000, showing impressive growth in just under three years.
Before that, it sold for $315,700 in 2009, which was a shade higher than its sold price in 2015.
The decade saw growth in every state, but very limited growth in WA.
