{"id":10614,"date":"2022-05-01T00:00:00","date_gmt":"2022-04-30T14:00:00","guid":{"rendered":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/land-prices-continue-to-rise\/"},"modified":"2022-05-01T00:00:00","modified_gmt":"2022-04-30T14:00:00","slug":"land-prices-continue-to-rise","status":"publish","type":"post","link":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/land-prices-continue-to-rise\/","title":{"rendered":"Land prices continue to rise"},"content":{"rendered":"

Good news for Manor residents!\u00a0 Data complied by RPM Group, has highlighted Melbourne\u2019s <\/span><\/span>western growth corridor, including Wyndham, Melton and Bacchus Marsh had an 8.1 per cent median lot price increase to $359,000\u00a0<\/span>for the first quarter of 2022 (January-March). <\/span><\/span><\/o_p><\/span><\/p>\n

<\/p>\n

<\/o_p><\/span><\/p>\n

<\/p>\n

<\/o_p><\/span><\/p>\n

<\/p>\n

RPM director, Mr Kelly credited the amenities and infrastructure in the west as a prime reason the western corridor continued to dominate sales in growth areas, recording 43 per cent of total sales. <\/span><\/span><\/o_p><\/span><\/p>\n

<\/p>\n

\u201cThere\u2019s been a great focus on government and local councils, both Wyndham and Melton, to get things going,\u201d he said. <\/span><\/span><\/o_p><\/span><\/p>\n

<\/p>\n

\u201cBecause the infrastructure is continuing to grow, they\u2019ve given great amenity in new areas and\u00a0it\u2019s become a good and attractive place to live.\u201d<\/span><\/span><\/o_p><\/span><\/p>\n

<\/p>\n

The data also suggested more people were foregoing renting and opting to purchase a house instead, Mr Kelly said the choice was more \u201ccost effective\u201d. <\/span><\/span><\/o_p><\/span><\/p>\n

<\/p>\n

\u201cYou had the opportunity to save a deposit, which a lot of people have over the last two years because they\u2019ve been saving money with COVID,\u201d he said.<\/span><\/span><\/o_p><\/span><\/p>\n

<\/p>\n

\u201cAnd if you\u2019re renting and you rent around $20,000 a year, why not have mortgages worth $20,000 a year and have an asset.\u201d<\/span><\/span><\/p>\n

<\/p>\n\"\"\n

<\/p>\n

To read the full article:\u00a0<\/span><\/font>https:\/\/wyndham.starweekly.com.au\/news\/land-prices-continue-to-rise\/\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good news for Manor residents!\u00a0 Data complied by RPM Group, has highlighted Melbourne\u2019s western growth corridor, including Wyndham, Melton and…<\/p>\n","protected":false},"author":1,"featured_media":10615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-10614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters"],"acf":[],"_links":{"self":[{"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/posts\/10614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/comments?post=10614"}],"version-history":[{"count":0,"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/posts\/10614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/media\/10615"}],"wp:attachment":[{"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/media?parent=10614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/categories?post=10614"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/dev.build.optimodesign.com.au\/peppercornhill\/wp-json\/wp\/v2\/tags?post=10614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}