Some good news for those keeping an eye on longer-term capital appreciation.
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The median sales price for 4 bedroom houses in Tarneit, VIC in the last year was $415,000 based on 249 home sales. Compared to the same period five years ago, the median house sales price for 4 bedroom houses increased 167.7% which equates to a compound annual growth rate of 21.8% (source – Realestate.com.au. Generated November 2014).