At number 1035th in the list of Australian suburbs ordered by increase in median house value over the last year, Tarneit, 3029 is in the top 30% with a property value increase of 9.69% recorded in median house prices.
If we look at median property appreciation over just the last three months, Tarneit has given property investors a paper return of 3.85%. This puts Suburb as 180 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Tarneit 3029 should be seeing an average reduction in asking price of around -5.08% . This means that Tarneit is holding prices well when compared to other suburbs in VIC.
At number 791 in a list of fastest selling suburbs, Tarneit is in the TOP 30% of suburbs in Australia with an average of days on market 58.03 for properties listed there.
The VIC suburb of Tarneit, 3029 is in the Wyndham local government area.
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 10.00%.
Tarneit,3029 was ranked 260 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Tarneit itself are offering an average vendor discount of -6.45% to real estate investors.
Using the current median advertised rental of $305 and the average annual increase in value of a median property of 4.05%, investors should hope to achieve an overall return of 4.81%