Melton According to realestate.com.au data, Melbourne’s West has been the strongest growing region for the past five years. This data revealed that the Western suburbs had 36.9 per cent growth in median house prices across that time.
Experts believe that due to rising employment opportunities and increased infrastructure, population growth will continue in the West. Earlier this year, the Housing Industry Association released data that shows Australia’s top spots for population growth. The Melton City Councils very own Rockbank-Mt Cottrell area was at the top of the list, with population growth of 59.4 percent.
Data also shows that the highest median house price growth over the past five years, has been recorded in Aintree, Weir Views and Fraser Rise, with Melton and Melton South being within the top ten growth suburbs.
Melton is considered the most affordable of the top ten suburbs, with a median price of $390,000, also said to be the fastest growing municipality in Australia.
Melton is believed to be increasing its population by 17,000 per year, tripling the total population from just 17 years ago, to 150,000. With this rising population bringing young families to the suburb, the demand for more local schools is encouraging the potential of the area.
At Professionals Ryder Real Estate, we take pride in being honest with our clients about current market trends and statistics. If you’re still unsure about whether or not the west is the ideal place to begin your property investment journey, contact the best real estate agents in Melton today on 9743 6400.
All data and statistics has been collected from realestate.com.au (https://www.realestate.com.au/news/why-you-should-buy-in-melbournes-western-suburbs/) ouHou
