Investment property in Tallangatta has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.12%
Tallangatta,3700 has offered an average of 6.12% return per annum in house price rises to property investors over the last three years.
At number 2604 in a list of fastest selling suburbs, Tallangatta is in the bottom 30% of suburbs in Australia with an average of days on market 93.5455 for properties listed there.
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Vintage suburb has it all
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.