Property value increases in Tarneit have tracked close to the VIC average of 7.80% over the last 12 months.
Comparing Tarneit,3029 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Tarneit is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 369th in terms of most discounted suburbs in VIC
The VIC suburb of Tarneit, 3029 is in the Wyndham local government area.
Tarneit is in the TOP 30% 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 8.00%.
Taking the average capital gain, or increase in median house value, Tarneit,3029 has racked up an average of 8.00% over the period. This ranks it number 1001th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Tarneit is $324000, with sellers offering an average of -6.33% off the asking price.
With the median price for a house in Tarneit being $324000 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 4.90%