VIC/
Tullamarine

Suburb Profile

Tullamarine - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3043

house
unit

TULLAMARINE, 3043 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling TULLAMARINE, 3043 values up and netting property investors a capital gain of 27.87% for the past year.

Investors saw the median home price rise to $601,000.

Profits due to an upward trend in home prices in the suburb averaged 16.22% per annum over a 3-year period.

TULLAMARINE now ranks at the 29th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in TULLAMARINE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $370 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TULLAMARINE, homes and units usually stay on listing for an average of 25.5 days.

In 2016, 73 properties were sold in TULLAMARINE during the past year, making it the 84th most active market in VIC based on total real estate transactions.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $601,000 $365,000
GROWTH REPORT
Median Quarterly 11.3% 0%
Median 12 month 27.87% 1.32%
Median 3 years 48.67% 10.27%
Median 5 years 53.91% 9.36%
10 years average annual 8.43% 4.47%
Weekly media advert. rent $370 $320
Time on Market 25.5 days 56.2 days
Gross Rental Yield Percent 3.2% 4.56%
demographics (median values)
Total Population
6544
Weekly Household Income
922.7
Household Size
2.50
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