Tatura

POSTAL CODE: VIC, 3616

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains TATURA, 3616 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that TATURA, 3616 obtained a 9.12% growth over a ten-year period. It ranks 434th on our list of suburbs that property investors should look into.

TATURA, 3616 in VIC belongs to the local government area of Greater Shepparton.

TATURA, 3616 has a capital gain of 22.97% for the past year, which is higher than average compared to its 65.76% growth within a five-year period.

With the median home price in TATURA sitting at $518,000, and the average rent at $550, property owners could potentially earn a 5.52% increase in gross rental yield.

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

TATURA, 3616 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 $298,750.

Profits due to an upward trend in home prices in TATURA, 3616 averaged 2.88% per annum over a 3-year period.

Home owners selling their properties and realtors in TATURA usually have to wait an average of 71 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $350 mark, reflecting a 6.09% increase in returns based on the current median price in TATURA.

TATURA, 3616 places 285th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$518,000	$298,750
Growth Report
Median Quarterly	7.36%	-0.42%
Median 12 month	22.97%	0%
Median 3 years	15.11%	8.64%
Median 5 years	65.76%	0%
10 years average annual	9.12%	7.48%
Weekly media advert. rent	$550	$350
Time on Market	86.6 days	71 days
Gross Rental Yield Percent	5.52%	6.09%

Demographics (Median Values)*

Total Population 5357

Weekly Household Income 1196

Household Size 2.40

Average Age 43

Monthly Loan Repayment 1365

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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