By Callum Ludwig
The demand for houses in the Yarra Ranges is some of the highest in the state, with a number of towns across the region attracting buyers.
Woori Yallock shares the title with Lilydale for the fastest-selling suburb in Victoria from May to July this year.
Director of Barry Plant Woori Yallock Jenny Webb said she believes buyers consider Woori Yallock an attractive area.
“It’s a beautiful part of the Yarra Valley. Its location between Healesville-Koo Wee Rup Rd and Warburton Highway makes transport to the eastern suburbs and in the Yarra Valley area quite easy because of those major roads,” she said.
“Quite a few people also work around the Bayswater, Croydon, Ringwood type of areas so it is quite a reasonable drive out to them, as well as having some very good facilities with banks, medical facilities, supermarket and being very handy to the popular Warburton Trail.”
On average properties in Woori Yallock were only on the market for 19 days during the last three months, according to the data from realestate.com.au.
Woori Yallock has featured highly in this statistic in both realestate.com.au and Domain Group reports in the last six years.
Ms Webb said properties certainly have been going quickly in the area in the last few months.
“It’s been very encouraging for people, particularly for first-home buyers who are buying into the area. It’s a nice location for them to be and often an affordable location compared with a number of others,” she said.
“Buyers have seemed to like the area, they’ve sometimes they have been looking at suburbs a little bit closer in towards Lilydale, but they’ve found that the size of property that you get out here, the sense of the semi-rural area, and the price that they can pay for what they get is quite an appealing situation for them.”
The median house price in Woori Yallock is $695,000 for a three-bedroom house based on 60 sales in the past 12 months. It rises to $781,000 for a four-bedroom home.
Ms Webb said she likes to think the area will be attractive for buyers in the future as well.
“It tends to be difficult to predict moving forward so I tend not to, but I think the fact that it is in such an attractive location, and still handy to so many facilities and the eastern suburbs, you would think it will continue to be appealing,” she said.
There were 20 properties in Woori Yallock listed on realestate.com.au in July.
Other areas that featured from the Outer East for fastest selling suburbs included Lilydale (also 19 days), Croydon Hills (23) and Belgrave (24).
Bayswater (30 auctions) at 90 per cent and Ferntree Gully (42) at 81 per cent have been some local areas with the highest clearance rate at auction over the last three months.
