Suburb Profile Report for Tallangatta VIC (3700)

Tallangatta House: Median price $251,500, Annual capital growth 2.98%, Number of sales 20, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Tallangatta, 3700 ranked 178th in VIC when comparing growth in median property values or capital gain over the last 12 months. Tallangatta is one of 2099 in our list for VIC

Taking the average capital gain, or increase in median house value, Tallangatta,3700 has racked up an average of 4.79% over the period. This ranks it number 3179th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -6.21% to buyers in Tallangatta at the moment, which is less than average for the rest of VIC.

Tallangatta, 3700’s gross rental yield is 5.69%

Information supplied by:


March 2018

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Vintage suburb has it all

Postcode: 3700

Median house price: $285,000

Three-year growth: 46.2%

Rental yield: 4.9%

Originally founded in the 1870s, Tallangatta has since become an in-demand, affordable suburb in Victoria’s northeast.

Houses have a median value of under $300,000 despite a remarkable increase of 31.9% over the past year leading up to December 2017. Rental returns are strong at an average of 4.9% - all these factors combine to make Tallangatta a good investment opportunity.

The suburb is located along the Murray Valley Highway, on the banks of Lake Hume’s Mitta Arm. The economy is mainly supported by the cattle farming industry, together with tourism, and retirees make up a large proportion of the population. There is a hospital in the suburb, along with primary and secondary schools. The local shops have a unique 1950s vibe, which is celebrated in the Tallangatta Fifties Festival held every year.

Metrics i HOUSE UNIT
$251,500 N/A
1.41% N/A
4.79% N/A
2.98% N/A
$275 N/A
20 N/A
5.69% N/A
134.6 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Below average (U)
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Demographics
Total population 954
Median household income ($/weekly) 824
Median age of persons 47
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 112 11.7
    35-44 years 109 11.4
    45-54 years 148 15.5
    55-64 years 119 12.5
    65-74 years 116 12.1
    Others 351 36.8
    Age Group
    Census Count Percent(%)
    Registered Married 323 48.0
    Not Married 292 43.4
    Defacto Relationship 58 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 842 91.6
    New Zealand 6 0.7
    Papua New Guinea 7 0.8
    United Kingdom 44 4.8
    Other 9 1.0
    Others 11 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 678 77.2
    No Religion 191 21.8
    Other Religious Groups 6 0.7
    Buddhism 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 38 10.9
    $400-$599 57 16.3
    $600-$799 42 12.0
    $800-$999 46 13.1
    $1,250-$1,499 39 11.1
    Others 128 36.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 360 46.5
    Employed, worked full-time 222 28.7
    Employed, worked part-time 139 18.0
    Employed, away from work 32 4.1
    Unemployed, looking for work 21 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 64 16.4
    Technicians & trades workers 66 16.9
    Community & personal service workers 47 12.1
    Clerical & administrative workers 50 12.8
    Labourers 48 12.3
    Others 115 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 15 7.7
    Infants/Primary 72 36.7
    Secondary 70 35.7
    Technical or Further Educational Institution 25 12.8
    University or other Tertiary Institutions 7 3.6
    Others 7 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 803 93.7
    Semi-detached, row or terrace house, townhouse 34 4.0
    Caravan, cabin, houseboat 14 1.6
    House or flat attached to a shop, office 6 0.7
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 147 39.6
    Being purchased 119 32.1
    Rented 102 27.5
    Other tenure type 3 0.8
    Tenure Type
Census 2011, ABS
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