Investment property in Tarneit 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 14.99%
Across a shorter period, Tarneit, 3029 has seen a median price increase of 1.90% over the last quarter.
At number 478th of VIC’s most discounted properties, Tarneit is in the TOP 30% of the state/territory when listing in order of most discounted to least.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 6.21%.
Property investors who have had real estate in Tarneit, 3029 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.65%
A 31.65% growth in median value for property investors in Tarneit,3029 puts this suburb at number 220th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Tarneit are currently offering property investors an average price cut of -3.25% below the asking price at the moment.
A rapidly growing suburb 7km from Werribee, Tarneit’s falling vacancy rate is representing its new popularityFull summary
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Wyndham City suburb is tight
Median unit price: $365,000
Vacancy rate: 1.7%
Three-year growth: 19.7%
A rapidly growing suburb 7km from Werribee, Tarneit’s falling vacancy rate is representing its new popularity.
The average vacancy rate slipped from an already-low 1.8% to just 1.7% in the past 12 months leading up to November 2017. This could be due in part to the suburb’s affordability – apartments sell for a median price of $365,000. Moreover, it has strong growth potential, with much positive growth over the most recent five-year period. Rental yields are also reasonable at 4.6%.
Once mainly an agricultural area, Tarneit has been undergoing gentrification. It is the site of several schools, including Thomas Carr College, Baden Powell Prep and the Islamic College of Melbourne. Tarneit Central Shopping Centre was recently opened, and contains a supermarket.Close