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Tarneit VIC 3029

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Land area: 10ac
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Development Opportunity in Tarneit North PSP

An excellent development opportunity in Tarneit within Melbourne's Western Growth Corridor, astute investors need to be prompt here
KEY HIGHLIGHTS:
• 10 acres* in approved Tarneit North PSP
• Designated for residential Land development
• Proximity to major residential estates - Verdant Hill, Marigold, New Heaven, Orchard, The Tarneit Place and Emerald Park
• Nearby to future schools, parks, future train station, town centre and Western United Soccer Stadium
• Short distance to Sikh Temple, Golden Wattle Mosque on and Hindu
Temple
• Short drive to Tarneit train station and Tarneit central shopping centre
• 12 minutes* drive to Pacific Werribee shopping centre
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Property Details for Contact Agent For Address, Tarneit

Building Type
Land
Land Size
10ac

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About Tarneit 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.
There are currently 476 properties listed for sale, and 187 properties listed for rent in Tarneit on OnTheHouse. According to CoreLogic's data, 2073 properties were sold in the past 12 months in Tarneit.

Suburb Insights for Tarneit 3029

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Osman Shagarai
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Ezaz Ahamad
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.