Tullamarine is a mid-sized suburb in Victoria within the Hume local government area (postcode 3043). With a population of 6,733, the suburb has an established demographic with a median age of 39. Households earn a median income of $73K per year, with an average household size of 2.3 people. The most common occupations are clerical & administrative, professionals, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Tullamarine is $412,000, having remained flat 0% over the past year. Units have a median price of $560,000 (+5.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,733.
Tullamarine is served by 1 school, including 1 primary. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 53 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Tullamarine offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($412K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +0.0% year-on-year.
Tullamarine is a mid-sized suburb in Victoria within the Hume local government area (postcode 3043). With a population of 6,733, the suburb has an established demographic with a median age of 39. Households earn a median income of $73K per year, with an average household size of 2.3 people. The most common occupations are clerical & administrative, professionals, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Tullamarine is $412,000, having remained flat 0% over the past year. Units have a median price of $560,000 (+5.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,733.
Tullamarine is served by 1 school, including 1 primary. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 53 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Tullamarine offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($412K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +0.0% year-on-year.