Property value increases in Tarneit have tracked close to the VIC average of 8.13% over the last 12 months.
A 13.51% growth in median value for property investors in Tarneit,3029 puts this suburb at number 215th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Tarneit are currently offering property investors an average price cut of -5.26% below the asking price at the moment.
Residents and property investors in Tarneit have been waiting around 54.96 days to sell a property.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.41%, investors should hope to achieve an overall return of 4.33%
Property investors who have had real estate in Tarneit, 3029 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.94%
The five-year average increase in median property values for Tarneit,3029 has given property investors a potential capital gain of 4.62% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Tarneit is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 108th in terms of most discounted suburbs in VIC