If you compare the increase in value of investment property in Tullamarine, 3043 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 7.92%.
Tullamarine,3043 was ranked 1044 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Tullamarine is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 447th in terms of most discounted suburbs in VIC
Residents and property investors in Tullamarine have been waiting around 59.02 days to sell a property.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
With a capital gain of 14.85% for the last 12 months, Tullamarine, 3043 has performed for property investments than its average annual 5.14% property growth over the last 5 years.
Across a shorter period, Tullamarine, 3043 has seen a median price increase of 5.28% over the last quarter.
Tullamarine, 3043 is offering VIC ‘s 72th 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.
With the median price for a house in Tullamarine being $379000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.39%