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Tarnagulla, VIC 3551
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$815,000
list-price estimate
Median Unit
$590,000
Gross Yield (houses)
2.9%
1yr Growth (houses)
+19.6%
market range +17.5% to +25.0%
Investment snapshot for Tarnagulla
Tarnagulla has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tarnagulla market and investor summary
In Tarnagulla, VIC 3551, houses show a gross rental yield of 2.9%. House prices have moved +19.6% over the past year. 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 2.9% 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. Houses also take time to sell, around 80 days on market, so plan for a slower exit if you ever need one.
Living in Tarnagulla: people, income and schools
Tarnagulla has a resident population of roughly 153, and the area has been growing steadily, up about 13% over five years. At a median age of 59, it reads as an older, established demographic, and 99% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $41,000 a year (about $780 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 17 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 153
- +13% over 5yr
- Median age
- 59 years
- Median household income
- $41,000/yr
- Households renting
- 4%
- Family households
- 53%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 953
- Unemployment
- 2.4%
- Walk score
- 17/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tarnagulla
View all →Frequently asked questions about Tarnagulla
What should I check before investing in Tarnagulla?
Tarnagulla has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.1% gives a usable rent-to-price starting point. Capital growth of +19.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tarnagulla?
The median property price in Tarnagulla, VIC 3551 is $590K for units.
What rental yield does Tarnagulla show?
The gross rental yield in Tarnagulla is 2.9% for houses and 4.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Tarnagulla?
House prices in Tarnagulla are up 19.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Tarnagulla?
The current vacancy rate in Tarnagulla 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 Tarnagulla?
Tarnagulla has a population of approximately 153 residents, with a median age of 59.
What schools are near Tarnagulla?
There are 1 school within roughly 5km of Tarnagulla. 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 Tarnagulla's population growing?
The population of Tarnagulla has grown about 13% 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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