Thinking about buying in Tullamarine? Now could not be a better time, with 6442 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $861,000 with prices in this suburb ranging from $306,000 to $2,403,000. The aproximate distance to the coast is 10 Km.

Tullamarine Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Tullamarine driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Tullamarine due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Tullamarine changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Tullamarine the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Tullamarine

	unit 2, 2 burvale ct, tullamarine, vic, 3043	3	2	1	$800,000
	unit 1, 8 waratah av, tullamarine, vic, 3043	1	1	1	Auction $440,000 - $460,000
	10 henderson rd, tullamarine, vic, 3043	3	1	4	1050000
	55 derby st, tullamarine, vic, 3043	3	1	2	850000

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General Points of Interest

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