Investment property in Tarneit has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.90%
The five-year average increase in median property values for Tarneit,3029 has given property investors a potential capital gain of 34.72% across each of those five years.
The most recent median price for Tarneit is $485000, with sellers offering an average of -4.19% off the asking price.
At number 552 in a list of fastest selling suburbs, Tarneit is in the TOP 20% of suburbs in Australia with an average of days on market 45.95 for properties listed there.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 5.97%.
Tarneit is an average performer in VIC when comparing median price capital growth over the last year. Tarneit gave property investors a good capital gain figure when compared to the rest of the state, with 8.50%.
Tarneit,3029 has offered an average of 8.50% return per annum in house price rises to property investors over the last three years.
The most recent median price for Tarneit is $332000, with sellers offering an average of -4.36% off the asking price.
Situated 24.69km from the CBD, Tarneit is one of Wyndham localities in the postcode 3029.