Investment property in Tullamarine has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.36%
When looking at the potential capital gains offered to property investors over the last 3 years, Tullamarine comes in at number 217th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Tullamarine itself are offering an average vendor discount of -2.52% to real estate investors.
Often selling an investment property can take time, and in Tullamarine the average time real estate has been on the market is 39.48 days.
The VIC suburb of Tullamarine, 3043 is in the Hume local government area.
Giving property investors a an unimpressive capital gain of 0.00% for the last year, Tullamarine, 3043 is the 1090th 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 12.50% across each of those five years.
Vendor discounting in Tullamarine is giving property investors an average Vendor Discount of around -6.14%. This puts suburb at number 78th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.40%, investors should hope to achieve an overall return of 4.62%