Property investors who have had real estate in TECOMA, 3160 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.91%
Across a shorter period, TECOMA, 3160 has seen a median price increase of -3.06% over the last quarter.
At number 616th of VIC’s most discounted properties, TECOMA is in the TOP 10% of the state/territory when listing in order of most discounted to least.
TECOMA, 3160’s gross rental yield is 5.70%
Tecoma population is at 2,189.00 as of 2006 census. The town is named after a shrub that grew in the area when the need for a railway station was identified amongst the old timber mill that occupied the area, where the current primary school stands.
At the moment Tecoma is widely publicized as a result of the new McDonald's opening up in the area causing a great deal of controversy.
Selling points: affordable housing, lifestyle, great family environment
Most sought-after properties: character timber homes with forest backdrops
Most common properties: timber dwellings mixed with traditional brick and western red cedar homes.
Top amenities: schools, caffes, sports grounds
Local industry and business: retail with antiques, bric a brac
Recent changes: McDonald's controversy
Best streets: Sophia grove, terry avenue, sandells rd,
Public transport: trains, buses
Main arteries: wellington rd acces to monash and eastlink