Tullamarine
3043 VIC
Tullamarine, VIC 3043 is a suburb with a population of 6,733 residents. The demographic makeup is diverse, with a mix of age groups represented. The median household income is higher than the national average. The suburb has good commuting options, with a significant number of residents working from home.
Tullamarine presents various opportunities for property investors. Both houses and units show positive growth trends, with healthy rental yields. The suburb has a balanced market with moderate vacancy rates. The high market absorption rate indicates strong demand, potentially leading to property price appreciation. Renovators might find Tullamarine appealing due to the high Sale Price IQR ratio for both houses and units.
Tullamarine, VIC 3043 is a vibrant suburb offering a mix of housing options, strong investment potential, and a good quality of life for residents. With favorable market conditions and growth trends, it is a suburb worth considering for both homebuyers and investors.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Highlights
Pricing and long-term growth profile for Tullamarine houses.
Median Price
$773k
# Sales
122
12M Growth
6.6%
10Y Ave Growth
5.4%
Why Buyers Look Here
Owner occupier appeal — 62% owner-occupied — strong community stability and pride of ownership.
Proven growth — 5.4% average annual growth over 10 years.
Tight supply — Only 0.8% of stock on market — limited turnover supports price growth.
Capital Growth
Pricing and long-term growth profile for Tullamarine houses.
Median Price
$773k
# Sales
122
12M Growth
6.6%
10Y Ave Growth
5.4%
Rental Market
Yield, rental pricing and vacancy performance for Tullamarine houses.
Weekly Rent
$600
Rental Yield
4.1%
Vacancy Rate
2.1%
Rentals Last 12M
131
Supply & Demand
Stock levels, days on market and selling conditions for Tullamarine.
Stock on Market
0.8%
Days on Market
27
Building Approvals
2.0%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Tullamarine.
Population
6,733
Owner Occupiers
62%
Median Income
$73k
IRSAD Rank
31
Recent Sales
Recently sold properties in Tullamarine.
