24 Kelebek Road, Tarneit VIC 3029
24 Kelebek Road, Tarneit VIC 3029
4 bed house | 375sqm lot | NBN FTTP | no overlays | Tarneit growth corridor
This property’s configurationโa modern four-bedroom on a compact 375sqm lot with 59% building coverageโpositions it as a low-maintenance entry point into Tarneit’s growth corridor. The high floor-to-land ratio maximises livable space while minimising outdoor upkeep, appealing to young families or investors prioritising rental yield over land banking. With no bushfire, flood, or heritage overlays, due diligence is streamlined, and NBN FTTP adds practical appeal for remote workers. The property suits buyers seeking a turnkey home in a developing area with established school catchments within 2km.
The primary risk is location within a high-supply suburb where median days on market stretch to 56 and auction clearance sits at 40%, indicating softer demand. The 375sqm lot limits future subdivision potential, capping capital growth to area-wide appreciation rather than land value gains. Rental income at $485/week offers a gross yield near 3.7% at the lower end of the price guideโacceptable but not exceptional. Hold this property as a long-term residence or rental in a corridor that benefits from Melbourne’s westward expansion, but avoid overpaying above the $649k guide given current market conditions.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Kelebek Road, Tarneit VIC 3029
Market Insight:
Tarneit is a high-growth family suburb positioned as a relatively affordable entry point to Melbourne’s west. Demand is driven by young professional families seeking modern housing, supported by strong population growth and established community infrastructure. House prices show steady, moderate growth with a balanced market, while units present a more dynamic, higher-yield segment. Future growth is anchored in continued demographic expansion, though the market shows signs of price sensitivity and a slight supply-demand imbalance that warrants monitoring.