If you compare the increase in value of investment property in Tarneit, 3029 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.28%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tarneit has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Tarneit should be aiming for at least -3.96% off the asking price, which is the average vendor discount being achieved at the moment.
Tarneit is in the TOP 20% in VIC when comparing median price capital growth over the last year. Tarneit gave property investors a very good capital gain figure when compared to the rest of the state, with 16.35%.
Taking the average capital gain, or increase in median house value, Tarneit,3029 has racked up an average of 16.35% over the period. This ranks it number 687th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Tarneit is giving property investors an average Vendor Discount of around -3.81%. This puts suburb at number 214th in VIC when ranking the most discounted suburbs.
In the last year 41 properties changed hands in Tarneit, which puts it as the 205th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Tarneit, 3029 is in the Wyndham local government area.