Lo­cal house prices jump a whop­ping 20 per cent

Mt Druitt - St Mary's Standard (East) - - NEWS -

HOUSE prices are still on the rise in Mt Druitt and strong buyer com­pe­ti­tion is spurring on fast sales.

The sub­urb’s me­dian house price hit $500,000 for the first time last month and is now at $506,500.

CoreLogic RP Data records show the fig­ure jumped 20.6 per cent in the 12 months to Fe­bru­ary. In 2012, it was a smaller $358,000.

One of Mt Druitt’s re­cent sales was a split-level house on 1025sq m and it was snapped up for $1 mil­lion.

No. 38 Paull St ex­ceeded a street record by more than $200,000 and it is one of the few res­i­den­tial prop­er­ties in the area to have hit the mil­lion-dollar mark.

Sell­ing agent Leon But­tigieg, from the Pro­fes­sion­als St Marys, Plump­ton and Ersk­ine Park, said it sold at the first open house.

“I put it up for sale as ex­pres­sions of in­ter­est and we ne­go­ti­ated a lot more than what I thought (it would sell for),” he said.

There were many ea­ger buy­ers, ac­cord­ing to the agent, who said there was about 20 groups at the open home, of which many made of­fers on the house.

“It is an ex­tremely tidy prop­erty on the high side of the street.”

A fam­ily, who was al­ready living in the area, bought the house to live in.

Mr But­tigieg said there were mis­con­cep­tions in so­ci­ety about Mt Druitt.

“It is a strong area – it al­ways has been,” he said.

The sub­urb was equally popular among home­own­ers and in­vestors, be­cause of the large blocks, he said.

Black­town City Coun­cil’s new Lo­cal En­vi­ron­men­tal Plan, ap­proved by the state gov­ern­ment last week, shows Mt Druitt will be one of four devel­op­ment hubs, along with Rooty Hill, Black­town CBD and Seven Hills.

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