Tullamarine is in the TOP 30% in VIC when comparing median price capital growth over the last year. Tullamarine gave property investors a good capital gain figure when compared to the rest of the state, with 12.86%.
Over the longer term, Tullamarine has seen property prices show investors a 31.67% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Tullamarine is giving property investors an average Vendor Discount of around -2.52%. This puts suburb at number 601th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.
Advertised rents are around the $350 mark per week – giving a return of 3.54% based on the median price in Suburb
Investment property in Tullamarine has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.93%
When looking at the potential capital gains offered to property investors over the last 3 years, Tullamarine comes in at number 90th in VIC.
Vendor discounting in Tullamarine is giving property investors an average Vendor Discount of around -6.14%. This puts suburb at number 84th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 5.04%, investors should hope to achieve an overall return of 4.29%