Penrose Promenade

Tarneit VIC 3029

The size of Tarneit is approximately 38.2 square kilometres. It has 50 parks covering nearly 3.6% of total area. The population of Tarneit in 2011 was 21,690 people. By 2016 the population was 34,562 showing a population growth of 59.3% in the area during that time. The predominant age group in Tarneit is 30-39 years. Households in Tarneit are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarneit work in a professional occupation. In 2011, 69.4% of the homes in Tarneit were owner-occupied compared with 67.7% in 2016.

Tarneit has 33,711 properties. Over the last 5 years, Houses in Tarneit have seen a 22.39% increase in median value, while Units have seen a 20.31% increase. As at 31 October 2024:

• The median value for Houses in Tarneit is $685,452 while the median value for Units is $488,540.
• Houses have a median rent of $540 while Units have a median rent of $470.