Brilliant news for Manor Lakes homeowners and prospective homebuyers with quarterly data from the Real Estate Institute of Victoria indicating that median house values have shot up by 10.8 per cent to $671,000.
Local estate agent Richard Falzon suggests the rise is indicative of the new amenities in Manor Lakes, including transport connections through the Wyndham Vale train station and bus connections, the expanded shopping centre, and primary and secondary schools – all essential components of a family-friendly suburb.
Data in surrounding suburbs varied, with values increasing in Werribee (6.4%) and Truganina (3.4%) but declining in Point Cook, Williams, Landing and Hoppers Crossing. No changes were seen in Wyndham Vale, Tarneit, Mambourin or Werribee South.
For more information, read the Wyndham Star Weekly article here.