Tarneit VIC 3029 · 27.6 km from Melbourne CBD
This is a 674 m² house in Tarneit (much larger than a typical block here), on General Residential Zone land. A fast-growing outer-melbourne growth suburb (forecast +59% population by 2036). The land alone is worth an estimated $638,000. Suburb-wide figures below are area context, not a valuation of this specific property.
On fundamentals the suburb looks 25% underpriced versus comparable areas — a genuine value signal though the flip side is a large new-housing pipeline that can hold price growth back.
The land is clean of planning overlays — no heritage, flood, bushfire or acquisition control on this specific parcel, which keeps renovation and rebuild options open.
A plain-English synthesis of the data below — not financial advice. Every figure is explained and sourced in its section.
The green outline is this parcel's title boundary (Vicmap Property). Use it to see the block's shape, size and frontage in context.
The parcel itself — its actual title boundary, size and shape, and what the land alone is worth.
674 m²
much larger than a typical block here
30 × 33 m
frontage × depth (approx.)
$542,000–$734,000
~$946/m² for the area
172 PS507144
on title
Based on this block's 674 m² at about $946/m² for the area — it's much larger than a typical block here. That's roughly 95% of the suburb's median house price — the rest is the building and improvements, which this report can't see and a valuer/inspection must assess. In outer and middle-ring Melbourne, land is the part that appreciates; a bigger-than-typical block is a real, durable advantage.
Land size, dimensions and boundary are from Vicmap Property (the state cadastre) by title parcel identifier — confirm the exact area and boundaries against the plan of subdivision in the Section 32. Dimensions are approximate (from the parcel's minimum bounding rectangle). Land value is indicative, derived from the block's area and the area's land rate — not a valuation of the whole property.
Development and subdivision headroom — from this block's land size, shape, zone and overlays. A key value-add question, and a key risk if you're counting on it.
At roughly 674 m² this block is large enough that a dual occupancy or a pair of townhouses is a realistic prospect in a General Residential Zone, subject to design, garden-area rules and council support — a genuine value-add angle.
Indicative capacity: 2 dwellings (possibly more)
Indicative only — the binding limits are the council's zone schedule + ResCode. Get a town planner's advice before relying on any development assumption.
Lot/plan: 172\PS507144 · Parcel ID (PFI): 3099369
The standard, already-established residential zone. Most of Melbourne's existing suburban housing sits in a GRZ. Moderate housing growth is encouraged — dual occupancies, townhouses and small unit developments are routinely approved, but heights and lot coverage are more restrained than in a Residential Growth Zone.
A sound, predictable zone for a standard house purchase. Redevelopment potential exists (subdivision, dual occ) but is moderate, not maximal.
The exact numeric controls (height limits, setbacks, garden-area requirements and minimum lot size) are set by Wyndham City Council's specific schedule to this zone, which this report does not reproduce — confirm via VicPlan or Wyndham City Council before relying on any development assumption.
Every gazetted zoning or overlay change recorded on this exact parcel, sourced from Vicmap Planning Scheme History.
Its planning controls have stayed put over the period we track (Vicmap Planning Scheme History, 2017–present). That stability is itself worth knowing — it means the zone and overlays shown above are not the result of a recent, potentially contested rezoning.
Overlays add extra controls on top of the base zone — heritage, flood, bushfire, design and acquisition reservations all work this way.
No heritage, flood, bushfire, acquisition, design or landscape overlay is recorded on this specific parcel, so there are no extra overlay approvals or construction conditions on top of the base zone.
The full upfront cost — not just the price — plus the first-home-buyer savings that actually apply at this price point, and the income needed to service a loan.
Mostly from the stamp-duty exemption/concession (this house price sits in the first-home-buyer duty band) plus the $10,000 First Home Owner Grant on new builds — and this is a high-new-supply area where that's genuinely in play. That's real money that stays in your deposit.
| Purchase price (suburb median house) | $675,000 |
| Stamp duty — standard buyer | $35,570 |
| Stamp duty — eligible first-home buyer | $17,785 (concession) |
| First Home Owner Grant (new build) | +$10,000 |
| Conveyancing / legal (typical) | $1,500 |
| Building & pest inspection (typical) | $600 |
| Loan setup & settlement (typical) | $800 |
| Upfront cost on top of deposit — standard buyer | $38,470 |
| Upfront cost on top of deposit — first-home buyer | $10,685 |
| Scenario | Deposit | Loan | Repayment | Insurance |
|---|---|---|---|---|
| 20% deposit (avoids LMI) | $135,000 | $540,000 | $3,307/mo | No LMI |
| 10% deposit | $67,500 | $607,500 | $3,721/mo | LMI likely |
| 5% deposit (First Home Guarantee) | $33,750 | $641,250 | $3,927/mo | LMI likely |
At the median house price, this is a stretch but typical for Melbourne. A typical local household earns $109,356/year (Census); to service an 80% loan comfortably (repayments ≤30% of income) you'd want roughly $132,293 in gross household income. Repayments shown assume a 6.2% owner-occupier rate over 30 years — check current rates.
Stamp duty, the first-home-buyer exemption (≤$600k) / concession ($600k–$750k) and the $10,000 First Home Owner Grant (new homes ≤$750k) use current Victorian State Revenue Office rules — indicative only. Confirm your position with the SRO calculator and your lender. Third-party costs are typical market ranges.
The two numbers investors actually weigh: rental yield (income now) and capital-growth track record (upside later), plus a fundamentals-based fair-value check and the forward supply that shapes both.
Based on the suburb's median house price against real bond-lodged rents for the Werribee-Hoppers Crossing rental region (thousands of active bonds, so a reliable signal). This is a gross figure — before council rates, insurance, management, maintenance and any vacancy — and uses the area median, not this specific house's likely rent. Outer suburbs like this typically out-yield the inner ring but tend to see slower capital growth; weigh both.
| Dwelling | Median rent | Gross yield | Active bonds |
|---|---|---|---|
| 2 Bedroom House | $420/wk | 3.2% | 210 |
| 3 Bedroom House | $460/wk | 3.5% | 3,643 |
| 4 Bedroom House | $525/wk | 4.0% | 5,691 |
Rents: DFFH bond lodgements, Werribee-Hoppers Crossing rental region, latest quarter.
The median house price moved from $371,000 (2013) to $650,000 (2024) — a compound growth rate of about 5.2% a year over 11 years. Past performance isn't a forecast especially with the large forward supply pipeline.
Our hedonic model (trained on 342 Greater Melbourne suburbs, out-of-sample R²=0.752) estimates what a typical house here "should" cost from location, income, schools, transport and crime. The actual median sits 25% below that — a statistically confident gap (90% band -30% to -18%). Suburb-level, not a valuation of this specific home.
The model's price estimate broken down versus a typical Greater Melbourne suburb — the factors pushing Tarneit's value up (+) and down (−):
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| House | $515,000 | $570,000 | $550,000 | $570,000 | $602,000 | $650,000 | $653,500 | $650,000 |
| Land | $275,000 | $305,000 | $305,000 | $302,000 | $334,000 | $367,500 | $360,000 | $344,500 |
| Unit | $377,500 | $403,000 | $389,000 | $436,500 | $430,000 | $442,000 | $485,000 | $470,000 |
1,182 dwellings approved for construction in Tarneit over the most recent 12 months of ABS data. Heavy forward supply is the key caution on capital growth here — more competing new stock than in established, land-constrained suburbs.
Distances to transport and everyday amenities, plus how people here actually commute.
You're about 28 km from the CBD. Most residents drive (54% commute by car); only 3% take the train, and 22% work from home — high, and a big part of how this distance is made livable. The nearest station is a drive or bus ride from here, so factor parking or a feeder bus into a rail commute. Realistically plan for a car-dependent lifestyle this far out.
Zoned schools are the government school(s) this address has a guaranteed enrolment right to, per the Victorian school-zone boundaries — always confirm current boundaries with the Department of Education before relying on this.
Recorded criminal incidents from the Crime Statistics Agency, turned into the question buyers actually ask: is this a safe part of town, relative to nearby suburbs?
Tarneit ranks 4 of 7 nearby suburbs by crime rate (1 = highest). It has a lower recorded offence rate than nearby Werribee, Hoppers Crossing and Wyndham Vale. Crime rate is incidents divided by population, so it fairly compares suburbs of different sizes.
← safer · higher crime →
Property offences dominate (65%) — theft, burglary, criminal damage — the usual pattern in most suburbs, rather than crimes against people. This mix is council-wide, the most local breakdown published.
Suburb-level context (ABS Census 2021 + Victoria in Future 2036 forecasts) — applies to the whole suburb, not just this address.
Tarneit is young, family-oriented and highly multicultural — one of Melbourne's most culturally diverse communities — median age 30, average household 3.4 people, 62% born overseas with 64% speaking a language other than English at home. It's predominantly owner-occupied (67% owners · 30% renters), and fast-changing — 21% of residents moved in within the last year, typical of a growth area still filling out.
56,370
2021 Census
+59%
population, Vic. in Future
30
years — a young, family suburb
3.4
people per household
62%
one of Melbourne's most diverse suburbs
54%
of residents 15+
67%
· 30% renters
7.3%
2021 Census
22%
vs 3% commute by train
5/10
socio-economic advantage, relative to all Australia
State-government infrastructure projects (Victorian Budget infrastructure pipeline) located near this address.
The signals worth weighing, ranked — each links to the section that explains it in full.
Upload it for a free plain-English review — we check what the vendor statement discloses against the public record you've just read above.
A due-diligence checklist tailored to what this report found — and, just as importantly, to what it could NOT check.
Built entirely from free, public Victorian & Commonwealth datasets: Vicmap Planning (zones, overlays & gazetted history), ABS Census 2021, ABS building approvals, VGV property sales, DFFH Rental Report (bond lodgements), ATO taxation statistics, PTV/GTFS stops, Victorian school locations & zones, Crime Statistics Agency, Victoria in Future projections, and the Victorian Budget infrastructure pipeline. Stamp duty & grant figures use current State Revenue Office rules (indicative). Not a valuation, not legal or financial advice.