Here’s an update on the latest trends and insights for the area.

Current Market Snapshot:
Median House Price: $655,000 (up 1.2% quarterly)
Median Unit Price: $475,000 (up 3.3% quarterly)

These steady price increases reflect the growing demand for homes in Tarneit, driven by its family-friendly amenities, excellent transport links and proximity to Melbourne.

Rental Insights:
Median Weekly Rent (Houses): $535 per week
Rental Yields: Competitive returns of 4.4% annually, making Tarneit a hotspot for investors.

Opportunities for First Homebuyers

With 2025 being heralded as the ‘Year of the First Homebuyer,’ there are numerous opportunities to step onto the property ladder, even in competitive markets like Tarneit. Here’s what to keep in mind when making your move onto the property ladder:

Take Advantage of Grants and Incentives: Programs like the First Home Owner Grant and stamp duty concessions can significantly reduce upfront costs.

Explore Shared Equity Schemes: These initiatives allow buyers to co-purchase properties with the government or private entities, making homeownership more accessible.

Consider Dual-Occupancy Options: Some properties in Tarneit offer the flexibility of dual-occupancy layouts, providing additional rental income to offset mortgage repayments.

Choose Fixed-Rate Loans: Locking in a fixed interest rate can provide financial certainty in a changing market.

Start Small and Scale Up: Opting for a more affordable unit or townhouse as a first purchase can be a stepping stone to a larger family home in the future.

Looking for the perfect home to start your journey? View current lots available at Harlow and explore our house-and-land packages designed with first-home buyers in mind.

With ongoing developments, such as improved infrastructure and community facilities, Tarneit’s appeal is only set to grow. For those considering purchasing in the area, now is the time to act and secure your spot in this thriving community.

Thinking about expanding your portfolio? Contact us for broker introductions or explore financing options through Mortgage Domayne.

Stay tuned for more updates and insights on living and investing in Tarneit. At Harlow, we’re here to help you make your dream home a reality!

Don’t miss your chance to be part of this vibrant and growing community. Explore your options today!