AREA REPORTS

Tarneit

Suburb Profile

Tarneit - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3029

house
unit

Homeowners and real estate investors betting on TARNEIT, 3029 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.99%.

A steady increase in median property prices over a five-year period in the suburb translates to a 38.96% capital gain.

Property investors in TARNEIT enjoyed capital gains of 14.99% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $535,000.

Profits due to an upward trend in home prices there averaged 12.99% per annum over a 3-year period.

Home owners selling their properties and realtors in TARNEIT usually have to wait an average of 45.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $380 mark, reflecting a 3.69% increase in returns based on the current median price in TARNEIT.

TARNEIT, 3029 places 328th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $535,000 $378,500
GROWTH REPORT
Median Quarterly 1.9% 0.93%
Median 12 month 14.99% 11.65%
Median 3 years 38.96% 24.1%
Median 5 years 51.34% 31.65%
10 years average annual 6.21% 5.18%
Weekly media advert. rent $380 $340
Time on Market 45.3 days 87.2 days
Gross Rental Yield Percent 3.69% 4.67%
demographics (median values)
Total Population
6670
Weekly Household Income
1358
Household Size
3.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Cash flow

What's the sweet spot for affordability and cash flow?

High-end properties are softening in price, but investing too heavily in blue-chip areas can actually harm your cash flow. One buyer's agen...

housing oversupply

House-and-land developments concerning lenders, says property consultant

When property investors hear oversupply, chances are an oversupply of units come to mind. However, the head of a real estate consultancy fir...

House property

Only one major capital city sees value rise

Most of Australia's major capital cities continued to record value falls last week, the most recent data shows. ...

best time to buy

The best time to buy in the current property market

Tighter lending regulations have rendered some investors unable to grow their portfolio, but experts believe that even in its softening phas...

Badgerys Creek

Developer eyes Sydney’s south-west as boom area

A national property developer believes south-west Sydney will house the lion's share of Sydney's growth in the coming decade, months after r...

Two girls hugging

Embrace big property downturns, investors told

If you’ve been caught up by doom and gloom predictions of Sydney losing up to 40 per cent in value, chances are you’re looking at invest...