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Tarrengower, VIC 3463

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Median House

$1,125,000

Median Unit

$825,000

Gross Yield (houses)

2.5%

1yr Growth

-

Investment snapshot for Tarrengower

Tarrengower has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Tarrengower market and investor summary

Tarrengower (VIC 3463) runs a median house price of $1.1M, with houses yielding a gross 2.5%. At 3.5% vacancy, it is a softer rental market with more choice for tenants.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 108 days on market, so plan for a slower exit if you ever need one.

Living in Tarrengower: people, income and schools

About 56 people live in Tarrengower, and the area has been growing steadily, up about 7% over five years. The median age is 56, an older, established demographic, and 87% 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 $85,000 a year, or roughly $1,630 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 13.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 27% over five years, which tends to underpin what local buyers can pay.

There is 1 school within about 5km, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
56
+7% over 5yr
Median age
56 years
Median household income
$85,000/yr
Households renting
9%
Family households
61%
Socio-economic rank
5/10
ABS advantage index
Schools within 5km
1
avg ICSEA 1067
Unemployment
2.9%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Tarrengower

No properties currently listed in Tarrengower

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Frequently asked questions about Tarrengower

What should I check before investing in Tarrengower?

Tarrengower has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.

What are typical property prices in Tarrengower?

The median property price in Tarrengower, VIC 3463 is $1.1M for houses and $825K for units.

What rental yield does Tarrengower show?

The gross rental yield in Tarrengower is 2.5% for houses and 1.9% 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 Tarrengower?

The current vacancy rate in Tarrengower is 3.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Tarrengower?

Tarrengower has a population of approximately 56 residents, with a median age of 56.

What schools are near Tarrengower?

There are 1 school within roughly 5km of Tarrengower. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Tarrengower affordable to buy in?

A median house in Tarrengower costs about 13.3 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 Tarrengower's population growing?

The population of Tarrengower has grown about 7% 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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