Average price trends
749,000
Feb
639,500
Mar
679,500
Apr
What are the property taxes in Wyndham, Melbourne and are there any other ongoing costs I should consider?
In Wyndham, property taxes, known as Council Rates, depend on your property's value. For an averaged valued property, expect to pay around $ 1,400 AUD annually. Other ongoing costs include water rates, averaging $ 600 AUD yearly, and if your property is an investment, Land Tax should also be considered. Visit wyndham.vic.gov.au for detailed rates and costs.
What types of upfront costs and fees will I have to pay when purchasing a property in Wyndham, Melbourne?
When purchasing a property in Wyndham, expect to pay upfront costs such as stamp duty, which varies based on property value (use online calculators for estimation), conveyancing/legal fees (approximately $ 1,000 AUD - $ 3,000 AUD), building and pest inspection fees (about $ 500 AUD - $ 600 AUD), and loan application fees (if applicable, around $ 150 AUD - $ 700 AUD). Property values impact some of these costs.
How does the Wyndham, Melbourne property market compare to ther regions in the Australia?
The property market in Wyndham has a median house price of $ 540,000 AUD, which is more affordable compared to Sydney's $1.3 million AUD and Melbourne's central $ 850,000 AUD. While offering lower entry costs, Wyndham's growth rate stands competitive, reflecting its increasing popularity among buyers looking for value outside major city centers.
How competitive is the Wyndham, Melbourne property market?
The property market in Wyndham, Melbourne, is highly competitive, reflecting a broader trend in Australia's urban areas. As of 2023, Wyndham saw a median house price increase to $ 530,000 AUD, with houses selling within a notable average of 26 days on the market, signaling strong demand and quick turnover rates. Source data indicate this competitiveness is driven by Wyndham's growing infrastructure, proximity to Melbourne's CBD, and lifestyle amenities attracting both investors and homebuyers, aiming for a balanced yet dynamic living environment.
