Tarneit has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.97% to date .
While Tarneit,3029 ranked number 273th in VIC for increase in median house value (annualised) increase, it is ranked 385th over the last 5 years.
Property investors looking for a bargain in Tarneit should be aiming for at least -4.46% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Tarneit the average time real estate has been on the market is 47.1 days.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.03%, without taking into account capital value appreciation, which has been averaging out at 5.44%.
If you compare the increase in value of investment property in Tarneit, 3029 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.51%.
If we look at median property appreciation over just the last three months, Tarneit has given property investors a paper return of 1.67%. This puts Suburb as 157 on a list of fastest fasting appreciating suburbs in VIC
At number 168th of VIC’s most discounted properties, Tarneit is in the middle of the state/territory when listing in order of most discounted to least.
The VIC suburb of Tarneit, 3029 is in the Wyndham local government area.