Melbourne 2030: Where median house price rises are projected to rise most in five years | PropTrack

Husband and wife Mal and Dushi Odris are looking forward to a tree-change in Melbourne’s northeast.

The pair have purchased a five-bedroom Diamond Creek house where they will soon move with daughter Hesali, 12, and son Yehan, 10.

PropTrack projections show the suburb is set to experience one of Greater Melbourne’s largest median house price increases of the next five years.

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By 2030, Diamond Creek’s $1.1m typical house value is expected to surge to $1.613m – a rise of $513,000, equating to 47 per cent.

Nearby Lower Plenty’s $1.578m median house value is expected to increase by $887,000 to hit $2.465m.

Lower Plenty topped the list of Melbourne’s best performers during the next five years, with Wandin North in the Yarra Ranges placing second.

It’s $958,000 median house value is projected to hit $1.433m by 2030.

Diamond Creek was next on the list, followed by Beaconsfield (where the $980,000 median is tipped to soar to $1.433m) and Warranwood (where the $1.355m median is projected to reach $1.953m).

Narre Warren North, Kilsyth South, Mont Albert, Lysterfield and Aspendale Gardens rounded out the PropTrack list with their respective median house prices slated to rise by up to 44 per cent.

While the Odris family are delighted that their new suburb’s median house price is looking like it will go from strength to strength across the next half-decade, they’re not too fussed if this doesn’t pan out.

“The thing is, we bought to live there – so either way it goes up or down, we’ll be happy in that house,” Mr Odris said.

As a family who love nature and animals, their pet chickens and fish will also be making the move to the new house.

Mr Odris said Diamond Creek offered plenty of greenery and larger blocks compared to their current suburb, Epping.

“Diamond Creek’s got decent blocks that we can enjoy as a family with the kids and in nature,” he said.

Hesali has already picked out her room at the abode, and she and Yehan are looking forward to swimming in the pool with their friends.

Ms Odris, an Ayurvedic practitioner who runs a natural medicine business named Helayu Pty Ltd, said the property’s big garden would give her plenty of room to plant herbs.

Ray White Eltham & Diamond Creek director Shane Leete said that in 2019, a list of Melbourne’s family-friendly suburbs put together by home loan platform Lendi was topped by Diamond Creek, based on factors including the number of schools, open spaces and crime data.

“There’s a lot of infrastructure here as well, lots of schools and lots of transport,” Mr Leete said.

“It’s desirable and near the edge of going out into the Diamond Valley.”

Diamond Creek is home to several walking clubs that take advantage of its many parks and trails.

“If you come down on a Saturday morning into Diamond Creek, you’ll see 1000 people just out there walking the track that goes from Diamond Creek through to Lower Plenty,” Mr Leete added.

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