Tullamarine has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.96% to date .
Taking the average capital gain, or increase in median house value, Tullamarine,3043 has racked up an average of 6.96% over the period. This ranks it number 1852th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Tullamarine itself are offering an average vendor discount of -4.55% to real estate investors.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
Advertised rents are around the $350 mark per week – giving a return of 3.91% based on the median price in Suburb
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 8.21%.
Tullamarine,3043 was ranked 817 in Australia by increase in median property value over the quarter.
Tullamarine3043 is located in VIC which offers an average discount of -5.27% to property investors. Tullamarine itself is showing figures that indicate -6.77% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.63%, investors should hope to achieve an overall return of 4.59%