If you compare the increase in value of investment property in Tullamarine, 3043 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.97%.
Tullamarine,3043 was ranked 1563 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Tullamarine are currently offering property investors an average price cut of -2.52% below the asking price at the moment.
Advertised rents are around the $350 mark per week – giving a return of 3.47% based on the median price in Suburb
Giving property investors a a stable capital gain of 8.26% for the last year, Tullamarine, 3043 is the 486th highest performer in Australia in this respect.
The five-year average increase in median property values for Tullamarine,3043 has given property investors a potential capital gain of 17.12% across each of those five years.
Tullamarine, 3043 is offering VIC ‘s 88th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 5.15%, investors should hope to achieve an overall return of 4.31%