With a capital gain of 13.34% for the last 12 months, Tarneit, 3029 has performed for property investments than its average annual 5.33% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Tarneit,3029 has racked up an average of 13.34% over the period. This ranks it number 1673th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Tarneit should be aiming for at least -4.47% off the asking price, which is the average vendor discount being achieved at the moment.
Tarneit is 237th on a list of best yielding suburbs for rents in VIC with a 4.07% return
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 9.28%.
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.
Tarneit3029 is located in VIC which offers an average discount of -5.07% to property investors. Tarneit itself is showing figures that indicate -5.03% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 4.07%, investors should hope to achieve an overall return of 4.80%