Giving property investors a an average capital gain of 2.01% for the last year, Tullamarine, 3043 is the 2142th highest performer in Australia in this respect.
While Tullamarine,3043 ranked number 305th in VIC for increase in median house value (annualised) increase, it is ranked 58th over the last 5 years.
The most recent median price for Tullamarine is $660000, with sellers offering an average of -6.62% off the asking price.
Often selling an investment property can take time, and in Tullamarine the average time real estate has been on the market is 50.83 days.
VIC has seen average median house prices change by 3.42% which means that Tullamarine, 3043 has done well for property investors by showing a capital gain of 4.57% over the last year
Tullamarine,3043 has offered an average of 4.57% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Tullamarine 3043 should be seeing an average reduction in asking price of around -3.85% . This means that Tullamarine is holding prices well when compared to other suburbs in VIC.
Tullamarine, 3043’s gross rental yield is 3.93%
A suburb that is part of three LGAs – Brimbank, Hume and Moreland – Tullamarine is a reasonably priced suburb about half an hour’s drive from the Melbourne CBDFull summary
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Competition is strong for units
Median unit price: $480,000
Three-year growth: 48.8%
Rental yield: 3.7%
A suburb that is part of three LGAs – Brimbank, Hume and Moreland – Tullamarine is a reasonably priced suburb about half an hour’s drive from the Melbourne CBD.
Following a rise of almost 30% in apartment values in the year to May 2018, the median price rests at $480,000. The suburb enjoys long-term demand, with growth steady since 2013. There is healthy competition for properties, with units staying on the market for only 34 days on average before being sold. The average discount rate, only 3.1% also indicates that vendors don’t have a hard time selling.
Tullamarine has the Melbourne airport on its western boundary, making it very convenient for frequent travellers. The suburb sits near Moonee Ponds Creek as well. The local economy is supported by multinational aerospace firms with offices in this suburb.Close