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Tullamarine, VIC 3043

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Tullamarine, VIC 3043 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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5BR

Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Tullamarine, VIC 3043”

  1. The total adult population (15 years or older) of Tullamarine 3043 VIC is 5,715, with a median age of 39. Of those, 41.45% are married, 14.79% are divorced or separated, 37.73% are single and 6.04% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,184. The median monthly mortgage repayment for households in this suburb is $1,733 which is 24.12% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the laid-back suburb of Tullamarine 3043 is known for its close-knit community, consisting of approximately 5282 households. As of the third quarter of 2023, the typical price notable for houses within this locale stands at $727,229. These properties typically find tenants at a median weekly rent rate of $457, producing an indicative yield of 3.27% that can be quite appealing for cashflow-oriented property investors.

    Digging deeper into the socio-economic composition of the suburb, Tullamarine boasts an IRSAD rating of 952 out of 1217, pointing to the fact that the residents of the area enjoy an above-average socio-economic status. The renter to owner ratio stands at 34%, which while higher than desirable is still underneath the questionable threshold, indicating a secure investment opportunity.

    The units to houses ratio in the property market here stands at a healthy and favourable 30%, suggesting a lower risk of rental overpopulation and promising higher rental yields. Delving into the affordability factor, a slightly steep index of 40 years demonstrates that the properties in this area may require a longer duration to be fully owned, which is something buyers may want to take into consideration.

    Supply and demand in Tullamarine present an enticing image for the canny investor. The stock on market Percentage for houses sits at a favourable low of 0.26%, indicating a lesser oversupply risk. The suburb enjoys a robust inventory level of 1.2 months, indicating a rapid absorption of new listings. However, there is increased activity visible in the building sector, with the building approvals Ratio standing at a moderate 0.56%.

    In terms of market time, houses in Tullamarine have been known to spend approximately 86 days on the market, placing the demand in a neutral range. A combined vacancy rate of 1.22% for both houses and units suggests a high demand for property here. However, the buy search index is valued at 3, showing a modest interest in purchasing property within the area.

    In summary, while Tullamarine does present certain favourable aspects, such as a healthy indicative yield, low stock on market percentage and a favourable units to houses ratio, other factors such as the elevated affordability index or the moderate buy search index do make a case for cautious investment research. Utilising the aid of sophisticated analytical tools like the RCS will empower a potential investor to examine the viability of an investment in Tullamarine as it takes into account a wider range of over 80 metrics. Superior knowledge and astute understanding of the property market remain key in securing profits in real estate.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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