Property value increases in Tullamarine have tracked higher than the VIC average of 10.43% over the last 12 months.
Taking the average capital gain, or increase in median house value, Tullamarine,3043 has racked up an average of 27.87% over the period. This ranks it number 525th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Tullamarine is giving property investors an average Vendor Discount of around -1.82%. This puts suburb at number 602th in VIC when ranking the most discounted suburbs.
At number 49 in a list of fastest selling suburbs, Tullamarine is in the TOP 10% of suburbs in Australia with an average of days on market 25.5 for properties listed there.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.
Property value increases in Tullamarine have tracked just lower than the VIC average of 4.79% over the last 12 months.
Comparing Tullamarine,3043 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Tullamarine is $365000, with sellers offering an average of -3.68% off the asking price.
In the last year 60 properties changed hands in Tullamarine, which puts it as the 153th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $320 mark per week – giving a return of 4.56% based on the median price in Suburb