Tara Murray
Prospective homeowners were prepared to pay the big bucks in the last part of 2020, according to new Real Estate Institute of Victoria data.
Data from the December quarter showed the median price of houses in Sunshine West grew by 21 per cent on the previous quarter. The median sale price in Sunshine West is now $714,000.
Overall in Brimbank, the median sale price was up by 9.7 per cent on the previous quarter, just above the metro average of 9.5 per cent.
Median prices rose in Braybrook (4.7 per cent), St Albans (3.2 per cent), Sunshine North (1.3 per cent), Sydenham (2.2 per cent) and Taylors Hill (4.3 per cent).
Sweeney Sunshine sales representative Mark Della said he weren’t surprised by the figures.
“The market is coming out of COVID and people are getting properties ready to sell,” he said.
“The market is turning a corner, which we see as a positive as does the REIV.”
Mr Della said he had seen an increase in house sales around Sunshine West, Sunshine North and Braybrook.
Annually, the median house sale price in Brimbank increased by 3.5 per cent, well down on the metro average of 8.4 per cent.
Among suburbs in Brimbank with annual increases in the past 12 months were Sunshine (10.8 per cent), Albanvale (6.4 per cent), Hillside (5.3 per cent), Keilor (seven percent), Ardeer (6.9 per cent) and Keilor Downs (8.7 per cent).
Mr Della said the figures reflected the year it was, with COVID-19 having an impact on house sales. He said the market had gone a full circle and was picking up again.
He said they had done a number of appraisals recently, with more properties to be on the market soon.
He said the suburbs which had been strong in recent months were set to continue to be favourites this year.
“There’s been a few in Braybrook and we’re hoping to sell two this week,” he said.
“There’s a good vibe and we’re working to get a few more listings. With West Footscray and Maidstone getting to the top end, Braybrook is the next boom suburb with nice left streets. There will be a different demographic there.
“Sunshine North there is a couple there and even Sunshine West is positive.”
