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 15.12%.
A 22.16% growth in median value for property investors in Tullamarine,3043 puts this suburb at number 56th in terms of best performing suburbs in VIC
Vendor discounting in Tullamarine is giving property investors an average Vendor Discount of around -4.49%. This puts suburb at number 447th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 7.42 sales per month, which equates to 89 per year.
Renters in Suburb are facing rents around $4212 per annum or $351 every week.
Tullamarine has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.46% to date .
If we look at median property appreciation over just the last three months, Tullamarine has given property investors a paper return of 1.51%. This puts Suburb as 129 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Tullamarine should be aiming for at least -4.22% off the asking price, which is the average vendor discount being achieved at the moment.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.31%, without taking into account capital value appreciation, which has been averaging out at 5.22%.