Tarneit and Truganina estates are first home buyer targets: HTW

Tarneit and Truganina estates are first home buyer targets: HTW
Staff ReporterDecember 17, 2020

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.

Editor's Picks

InterContinental Hotel, Double Bay, to become $1 billion lifestyle precinct
Osprey Safety Beach: Rare harbourside living on Melbourne's Mornington Peninsula
Decode kicks off construction at Castle Hill’s largest residential masterplan, Carrington Place
Morris complete 10th Broadbeach apartmenet development, Malo, as buyers prepare to move in
"A once-in-a-lifetime opportunity": Don O'Rorke discusses the Monarch Residences Penthouse Collection