61B Oreilly Road, Tarneit VIC 3029

61B Oreilly Road, Tarneit VIC 3029
3-bed, 2-bath modern townhouse | 170mยฒ east-facing lot | Bethany Park Estate | near schools, mosque, shopping | strong rental yield potential This property sits in a well-positioned pocket of Tarneit where modern townhouses on compact lots are in steady demand from first-home buyers and investors. The 89mยฒ floorplan is efficient, with a master suite that includes both ensuite and walk-in robeโ€”rare at this price pointโ€”and the open living zone with ducted heating and evaporative cooling gives it year-round comfort. The east-facing orientation captures morning light and keeps the living areas cooler in summer, a small but real advantage in Melbourneโ€™s west. For a buyer seeking a low-maintenance home with immediate rental income potentialโ€”around $540 per weekโ€”the numbers work, especially given the property was purchased for $485,000 only three years ago and is now listed well above that. The main risk is the lot size: at 170mยฒ with 89mยฒ building coverage, outdoor space is limited and there is no room for extension or a shed, which may deter families wanting a backyard. The property is also in a newer estate where supply of similar townhouses is high, meaning capital growth will track the broader Tarneit market rather than outperform. No overlays or flood risk are flagged, but buyers should confirm the body corporate fees if it is strata-titled. The opportunity here is to hold for rental yield while the suburb maturesโ€”schools and the train station are within short drive, and the areaโ€™s infrastructure pipeline supports gradual appreciation. Use this as a solid rental hold or a well-priced entry into the western corridor, not as a short-term flip.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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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.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

1

Land

170mยฒ

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