Adam Bindra
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    • About Tarneit

    Tarneit is a suburb in Melbourne, Victoria, known for its rapid urban development. Located approximately 25 kilometers west of the city center, it features diverse housing options, schools, and amenities. The area has experienced significant growth, attracting residents with its suburban lifestyle and proximity to transportation infrastructure.
    About Tarneit
    Tarneit
    Tarneit

    Suburb Statistics

    * Derived from publicly available listing data over a 12 Month period starting November 01, 2023

    Summary

    2722 Total number of listingsin the past 12 months
    House listings2655
    Unit listings67
    Median Days On Marketin the past 12 months
    House41
    Unit55
    Average Sales Pricein the past 12 months
    House$659,227
    Unit$447,111

    Demographics

    56,370 Total Suburb population
    0-45-1920-2425-3435-4445-6465-Over02,0004,0006,0008,00010,00012,00014,0006,06813,25615,03011,37112,1447,5212,362
    Age Range
    19,148 Total Private Dwellings
    House:18,555
    Owned Ratio:68.30%
    Rented Ratio:31.35%
    Unit:570
    Owned Ratio:51.19%
    Rented Ratio:48.16%

    Housing Market

    House Statistics
    Total Sold Properties1222
    Median Days On Market41
    Median Sold Price$650,000
    Rental Yield4.30%
    Median Sold Price Growth0.00%
    Vacancy Rate2.96%
    Auction Clearance Rate42.00%
    Unit Statistics
    Total Sold Properties31
    Median Days On Market55
    Median Sold Price$450,000
    Rental Yield5.20%
    Median Sold Price Growth11.00%
    Vacancy Rate0.05%

    Listing Count - 12 Months

    House
    Unit
    Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '24020406080100120
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    Market Activity in (Tarneit), last 12 months

    Suburb listings
    Number of Listings*1469* House & Units
    Suburb Rental Properties
    Rental Properties*182* During Oct 2024
    Suburb Sold Properties
    Sold Properties*1253* House & Units

    Lifestyle and Amenities

    Family-Friendly Environment:

    Tarneit offers a family-oriented lifestyle with numerous parks, playgrounds, and community facilities, making it an ideal choice for those seeking a wholesome and safe environment.



    Educational Opportunities:

    The suburb is home to various schools and educational institutions, providing residents with convenient access to quality education for children and young adults.



    Shopping and Recreation:

    Tarneit boasts shopping centers, recreational spaces, and sports facilities, enhancing residents' overall quality of life. Retail outlets and entertainment options contribute to a vibrant community experience.

    Lifestyle and Amenities
    Investment Opportunities

    Investment Opportunities

    Property Development:

    With ongoing urban expansion, investing in residential or commercial properties in Tarneit presents opportunities for capital growth, especially in emerging neighborhoods and strategically located areas.



    Infrastructure Growth:

    Tarneit's proximity to major transportation routes and ongoing infrastructure development, such as new roads and public transportation, enhances its appeal for investors looking to capitalize on increased connectivity and accessibility.



    Rental Market Potential:

    The suburb's popularity and growth may create a demand for rental properties, offering investors an opportunity for steady rental income. Consideration of local demographics and housing trends can guide investment decisions in the rental market

    Unique Characteristics

    Cultural Diversity:

    Tarneit is known for its diverse community, reflecting a mix of cultures and backgrounds. This diversity is evident in local businesses, cultural events, and community celebrations, contributing to a rich and inclusive neighborhood.



    Rapid Development:

    The suburb has experienced rapid urban development in recent years, transforming it from rural to urban. This growth is characterized by the emergence of new housing estates, commercial centers, and improved infrastructure, making Tarneit a dynamic and evolving part of Melbourne's west.

    Unique Characteristics