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Tarago, VIC 3818
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$800,000
Median Unit
$450,000
Gross Yield (houses)
3.3%
1yr Growth
-
Investment snapshot for Tarago
Tarago has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tarago market and investor summary
Tarago (VIC 3818) runs a median house price of $800K, with houses yielding a gross 3.3%. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.
Living in Tarago: people, income and schools
About 21,626 people live in Tarago, and the area has been growing steadily, up about 15% over five years. The median age is 40, skewed a little older, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $76,000 a year, or roughly $1,460 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There are 10 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 32 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 21,626
- +15% over 5yr
- Median age
- 40 years
- Median household income
- $76,000/yr
- Households renting
- 20%
- Family households
- 73%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 10
- avg ICSEA 992
- Unemployment
- 3.2%
- Walk score
- 32/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tarago
No properties currently listed in Tarago
Search Tarago listings →Frequently asked questions about Tarago
What should I check before investing in Tarago?
Tarago has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.2%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tarago?
The median property price in Tarago, VIC 3818 is $800K for houses and $450K for units.
What rental yield does Tarago show?
The gross rental yield in Tarago is 3.3% for houses and 5.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Tarago?
The current vacancy rate in Tarago is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Tarago?
Tarago has a population of approximately 21,626 residents, with a median age of 40.
What schools are near Tarago?
There are 10 schools within roughly 5km of Tarago. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Tarago affordable to buy in?
A median house in Tarago costs about 10.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Tarago's population growing?
The population of Tarago has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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