Tarneit and Truganina estates are first home buyer targets: HTW

New land estates within the Melbourne suburbs of Tarneit, Truganina, Wyndham Vale, Williams Landing and Werribee provide an affordable option for first home buyers, according to HTW’s Month in Review: March 2017. 

The valuation firm says the median house sale price in January 2017 was $480,000 in Tarneit, $492,000 in Truganina, $353,885 in Wyndham Vale, $461,000 in Williams Landing and $450,000 in Werribee, according to CoreLogic RP Data.

“These median sale prices are much lower than the Melbourne metro median house price of $770,000 recorded for the December 2016 quarter by the REIV,” HTW says.

With prices in the region climbing, HTW suggests that first home buyers may wish to look further afield to establish their foothold on the property ladder.

“Although the inner suburbs are proving difficult for first home buyers, the outer western suburbs provide great opportunities for first home buyers,” it says.

A three bedroom house at 59 Emperor Parade, Tarneit (above) has been listed for $475,000 to $510,000.

Similarly a three bedroom house at 2 Governor Close, Tarneit (below) has been listed for between $450,000 to $490,000.