Mortgage Broker Tarneit

Why Tarneit chooses Rate Challenge

Tarneit sits around 26 km west of the Melbourne CBD in the City of Wyndham, threaded between Truganina, Hoppers Crossing and Werribee. The suburb has grown rapidly over the last decade, with new estates, established streets and strong demand from families looking for space, schools and rail access into the city.

As a mortgage broker Tarneit, we don’t just chase the sharpest headline rate and hope it fits. We look at how you actually live – school runs, childcare, commuting from Tarneit Station, future renovations or a move further west – and then shape a structure that works now and still makes sense in five or ten years’ time.

For first-home buyers, we map out deposits, VIC stamp duty, grants and LMI so you can decide whether to buy sooner in Tarneit or keep saving and widen the search. For refinancers, we benchmark your current bank against 35+ lenders and do the paperwork to switch if the savings justify it. If you’re already thinking about a rate review, you can also explore our broader refinance content via Home Loan Refinance Tarneit.

Tarneit basics – growth, prices and rent

Population and households: Tarneit covers roughly 38 km² and includes around 50 local parks. The population grew from about 34,500 residents in 2016 to more than 56,000 by 2021 – a rise of just over 63%. Households are mainly couples with children, often in professional roles, and many are repaying roughly $1,800–$2,399 per month on their mortgage. Around two-thirds of homes are owner-occupied, with the balance held by investors and longer-term renters.

House prices: Current data shows a modelled median house value in Tarneit a little over the low-$700,000s, with the middle sale price over the last year sitting around $658,000. The lower quartile is close to $605,000, while the upper quartile is about $711,000, which means many detached homes change hands in the $600,000–$800,000 band depending on size, finish and location within the suburb.

Units, townhouses and villas: Attached housing in Tarneit gives buyers a lower entry point, with a median unit sale price around $458,000 and most sales ranging from about $410,000 to just under $490,000. The modelled median unit value is a touch above the $500,000 mark, reflecting solid demand for newer townhouses and villa-style builds close to schools and the station.

Land and new builds: House-and-land remains a big part of Tarneit, with hundreds of land sales each year and a median land price in the high-$300,000s. That creates options for buyers weighing up a brand-new build against an existing four-bedroom home. We can help you compare construction loans, progress-payment cash flow and longer term value versus buying established.

Rent and yields: On the rental side, recent data shows a median asking rent of roughly $530 per week for houses and about $468 per week for units and townhouses. Depending on purchase price and costs, that can support headline yields in the mid-4% range for houses and often a little higher for attached dwellings – useful context for investors comparing Tarneit with other Wyndham suburbs.

Market activity: Over a recent 12-month period there were around 1,610 house sales, about 70 unit sales and roughly 877 land sales in Tarneit, underlining how active the suburb still is for both established homes and new estates. That level of turnover also means pricing can move quickly when interest rates or grant settings change.

For a deeper, chart-driven breakdown of prices, sales and rents, download the Tarneit VIC 3029 Property Report 2025 and keep it open while we run your borrowing capacity and scenario options.

First-home buyers, upgraders and investors in Tarneit

First-home buyers: Many Tarneit first-home buyers are choosing between a smaller townhouse closer to the station, a four-bedroom home a little further out, or nearby options such as Wyndham Vale or Truganina. We help you compare deposits, LMI, scheme eligibility and long-term repayments in one place. To see a real-world example of how the numbers can come together, read our Tarneit first home buyer case study.

Refinancers and investors: If you already own in Tarneit, we look at whether your current rate still lines up with where banks are today, how much equity you’ve built and whether a refinance, top-up or debt-consolidation structure makes sense. Start with our dedicated Home Loan Refinance Tarneit page, then book a call so we can tailor the numbers to your income, goals and risk comfort.

All figures are indicative only and based on suburb-level data – they’re useful for broad planning but don’t replace a tailored assessment or independent valuation.