28.1% Annual Growth over 5 years, according to Realestate.com.au

Some good news for those keeping an eye on longer-term capital appreciation.

– – –

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).

medianprice-nov2014
Nice climb followed by a plateau? Median sales price for 4 bedroom houses (based on 249 home sales). Click to expand
rental-yieldnov2014
Rental yield has been heading the opposite way, however (based on 528 property rentals, at last count). Click to expand
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