Market snapshot
Suburb insights for Tarneit3029
Change suburbTarneit is a rapidly expanding multicultural suburb located 25 km west of the CBD. Over the next 20 years the population of Tarneit is forecast to grow exponentially. A larger proportion of its population was born overseas and a significant proportion of these residents were from non-English speaking countries. The suburb features Wyndham Village Shopping Centre and Haven Park. For transport Tarneit railway station is on the Deer Park - West Werribee railway line and is part of the V/Line coach service.
Recent sales and auction results in Tarneit
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 5 Ceylon St, Tarneit | 4 |  | House (Res) | Passed in at Auction | 20/12/2024 | Good News Real Estate | View |
Sales data
Median sale price
$650k
Quarterly price change
0.8%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Tarneit | Metro comparison |
|---|---|---|
| 2 | $422,000 | $902,000 |
| 3 | $575,000 | $807,500 |
| 4 | $675,000 | $950,000 |
| Insight | Tarneit | Metro comparison |
|---|---|---|
| Clearance rate | 51.8% | 73.3% |
| Days on market | 50 | 42 |
Rental data
Median weekly rent
$530
Rental yield
4.3%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Tarneit | Metro comparison |
|---|---|---|
| 2 | $430 | $560 |
| 3 | $490 | $550 |
| 4 | $550 | $595 |
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