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%
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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.