Revealed: The Melbourne suburb defying the city’s property slump

Add as a preferred source on GoogleSandra and Paul Murphy, and kids Alex, 15, and Cheyanne, 18, just sold a home in Romsey, Melbourne’s fastest growing spot for home values. Picture: Jason Edwards. For Romsey’s Murphy family the suburb on Melbourne’s outer northern fringe has been a way to get out of the traffic and the rush of metropolitan life. The suburb has just emerged as the city’s top growth spot for the past three months, defying the odds as a whopping 93 per cent of suburbs across the Victorian capital lost ground. Sandra and Paul Murphy were thrilled to discover it had escaped the wider city’s home price hit, having recently sold a secondary property of theirs in the suburb without any difficulty. RELATED: Melbourne housing market worst in a decade: 93% of suburbs fall ‘Tougher’: Industry warns on Vic’s new auction rules Iconic The Castle home almost torched in council war “I think a lot of people are just looking for more space, up here the blocks are quite a bit larger,” Ms Murphy said. “And people who are still looking for that country feel that Romsey still has. We have just got a Coles in, and that was probably needed to supplement the IGA. “But we only have two sets...