Known as Melbourne’s newest marina suburb, Werribee South is the top-performing property market in the west.
In the past 12 months, the median house price in the area soared 25 per cent to $775,000, according to realestate.com.au.
Prices in the suburb outpaced the entire western region, including Brooklyn where the median price rose 18.8 per cent to $820,000, and Maidstone where the price grew 14 per cent to a $832,500 median.
While prices are on the rise in Werribee South, the suburb on Port Phillip Bay is still an affordable option for those wanting a waterfront property, according to Barry Plant Werribee director Donald McKillop.
“Werribee South has been an untapped market in the past, but in the last five to 10 years it has emerged as an in-demand rural-urban suburb 32km from Melbourne's CBD,” he said.
“With the harbour and beach at its doorstep, this is a dream location that offers value for money.”
Werribee South is 7km from Werribee, which is a central hub between Melbourne and Geelong.
“Werribee offers commuters easy access to both these cities and it boasts tremendous infrastructure growth, including freeway upgrades and new shopping areas,” Mr McKillop said.
Near the National Equestrian Centre, Werribee South is in the tourist precinct featuring the Open Range Zoo, River Park, State Rose Garden, golf club and Werribee Mansion.
The area is studded with lush market gardens and packed with attractions including a foreshore, playgrounds and the Wyndham Harbour Marina with a boat ramp and eateries along the boardwalk.
“It is a thriving pocket offering a diverse range of properties from modern apartments with bay views to sprawling lifestyle homes,” Mr McKillop said.
Werribee South is a tightly held area and a niche market, according to Barry Plant Werribee sales manager Reece Beckley.
It attracts local buyers wanting to stay and enjoy the beach scene, those from other western suburbs wanting to move closer to the bay, and inner-city buyers looking for affordability and a coastal lifestyle with city conveniences.
Mr Beckley pointed to 1085 Duncans Road, Werribee South, which is drawing strong interest from locals and buyers from the eastern suburbs and nearby Point Cook and Altona.
Young families wanting to upgrade to a larger property, tradespeople, and investors looking to land bank for future development are eyeing the home, with a price guide of $1.4-$1.5 million, Mr Beckley said.
The four-bedroom house on 1995sq m includes two kitchens, three living areas and an oversized garage leading to a massive pergola.
Barry Plant Werribee has sold all types of properties in the area, including vacant blocks, trendy apartments, plus a fully furnished boat shed at 153 Campbells Cove Road, Werribee South.
A 550sq m vacant block with bay and city views at 34 Starboard Way, Werribee South, was snapped up earlier this year for an undisclosed price. It had a $900,000-$990,000 price guide.
On the market for $435,000, a two-bedroom waterfront apartment at 305/50 Catamaran Drive, sold for an undisclosed price. Designed by Fender Katsalidis Mirams, who worked on Melbourne's iconic Eureka Tower, it is located in a building with a restaurant and bar.Known as Melbourne’s newest marina suburb, Werribee South is the top-performing property market in the west.