It’s smiles all around for homeowners in Clyde North where houses have more than doubled in value in five years.

The median house price in the outer southeast suburb soared a phenomenal 109 per cent from $572,000 to $1.2 million from March 2017 to March this year, according to new data from PropTrack.

Clyde North was the only Melbourne suburb on the list of 96 suburbs across Australia, while the other Victorian locations were on the Mornington Peninsula or in regional areas.

Property values have soared in Clyde North, agrees Barry Plant Cranbourne agent Yashar Egder-Moradi.

“You could buy a brand new home here for $300,000-$350,000 five years ago, but now you’d be paying double the price,” he said.

“Many homeowners can now afford to upgrade and nine times out of 10, they keep their homes for investment and buy a new one.”

In the City of Casey, the suburb is 46km from the CBD and takes in the urban growth corridor and green wedge land used for market gardening and dairy farming.

The population has doubled in recent years to about 20,000, according to Mr Egder-Moradi, who resides in Clyde North.

“The area has grown in leaps and bounds, not only in the number of residents but also in infrastructure development,” he said.

Featuring a lifestyle centre and major retail outlets, the suburb is dominated by new residential estates including Meridian, St Germain, Selandra Rise and Eliston, which have their own shops, schools, childcare centres and medical clinics.

Modern three and four-bedroom family-friendly homes built by boutique and larger companies including Porter Davis, Metricon and Henley dominate the estates.

Public transport needs are catered to by bus services and the nearby Cranbourne train station. And access to the M1 freeway is a 10-minute drive away.

An average of 10 to 15 groups attend inspections, while listings last an average of 30 days on the market.

In a quick sale, a three-bedroom house built by Porter Davis at 23 Compton Way, sold after six days for $655,500.

“We received multiple offers for this well-presented home and it was sold to a downsizer from Carrum Downs at a price above the seller’s expectations,” Mr Egder-Moradi said.

An auction held at 106 Heather Grove also delivered a great result for the sellers.

One of three first-home buyers who competed for the stunning Henley-built ex-display home, won the keys for $750,000, according to Mr Egder-Moradi.

And in the sought-after Selandra Rise estate, a four-bedroom house at 165 Selandra Boulevard was snapped up by a first-home buyer for $615,000.

“This home is in a great location,” Mr Egder-Moradi said.

“It’s within walking distance of the Selandra Rise shopping centre which has Woolworths supermarket, fitness and medical centres, a pharmacy and cafes.”

Bike paths, playground, dog parks, bus stops, St Peter’s College and the Selandra Community Hub are also nearby.

Currently for sale in Clyde North, a near new three-bedroom house at 24 Pygora Way with a price guide of $590,000-$640,000 is attracting strong interest.

“This quality-built home is expected to sell well,” Mr Egder-Moradi said.

“It’s ideal for a work-from-home lifestyle and its moments from Cascades Wetlands, shopping and lifestyle centres, and primary and secondary schools.”