Tarneit Housing Update

The median house price in our growing suburb seems to be holding steady despite the recent transport infrastructure upgrades. In the past year, 786 properties have been sold according to realestate.com.au and at the moment, 615 are available for sale. Interestingly enough, only 56 properties are up for rent. Is this indicative of a shift for Tarneit from a renter to owner-occupier place called home?

Tarneit media property price as of July 2015. Source - Realestate.com.au
Tarneit media property price as of July 2015. Source – Realestate.com.au

It is also interesting to note that in terms of demographic breakdown, maturing couples and families are in top spot, followed by established couples and families, and then young families.

Latest demographic breakdown. Source - Realestate.com.au
Latest demographic breakdown. Source – Realestate.com.au
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