Tarneit continues to be one of Australia’s strongest performing suburbs, leading the nation in property transactions with an impressive 5,906 settlements in the 2024 financial year!
Tarneit Leads Australia in Property Transactions for 2024
Let’s explore what makes Tarneit so popular and why it’s poised for even greater growth in the coming years.
A homebuyer favourite
In the 2024 financial year, Tarneit had the highest settlement number of any suburb nationally, with an impressive 5,906 settlements, according to PEXA’s Property Insights Report. This remarkable figure highlights the suburb’s continued appeal and marks it as one of Melbourne’s most sought-after locations. The increase in settlements reflects the rising demand for housing in Tarneit, as buyers seek more affordable properties within commuting distance of their work, education and community needs.
The data also shows that Tarneit is most popular with young families, with the majority being first home buyers in their late 20s to mid-30s with kids.
What makes Tarneit so popular?
One of the key attractions of Tarneit is its proximity to established amenities. Residents enjoy easy access to shopping centres like Tarneit Central, schools, healthcare facilities and recreational areas.
The community spirit in Tarneit is also a key factor, with family and friends keen to remain close to these important connections. A fantastic calendar of local events and activities, like the Firefly Night Market, also help to foster a sense of belonging among residents.
Looking ahead, Tarneit’s popularity is set to soar even further with upcoming developments and investment in local infrastructure. New projects are on the horizon which promise to add even more value to this already desirable suburb!
An exciting future
Tarneit’s future looks brighter than ever with significant investments and development plans underway. The upcoming 1,500-seat Western United stadium is set to become a major landmark, providing state-of-the-art facilities for sports and entertainment. Additionally, the planned Sayers Road train station will vastly improve connectivity, making commuting to Melbourne’s CBD more convenient than ever.
Harlow is perfectly placed to benefit from this growth, offering residents the chance to build their dream home amongst all the action! With these exciting changes on the horizon, there’s never been a better time to be a part of Tarneit’s thriving community. Explore land now selling in our Tarneit community and enquire to secure your place.