Tullamarine sits in Melbourne’s greater melbourne — a suburb that runs unpretentious, multicultural, value-driven. Here’s what the numbers and the locals actually say about the property and rental situation.
Rental Prices — Tullamarine 2026
| Property Type | Weekly Rent | Monthly | Annual |
|---|---|---|---|
| 1-bedroom unit | $314/wk | $1360/mo | $16,328/yr |
| 2-bedroom unit | $372/wk | $1612/mo | $19,344/yr |
| 3-bedroom house | $506/wk | $2192/mo | $26,312/yr |
Rents in Tullamarine have fluctuated slightly compared to 2025. The vacancy rate sits at 2.6%, which is moderate — you have some negotiating room.
Property Prices
| Property Type | Median Price | 12-Month Change |
|---|---|---|
| House | $796,902 | -0.8% |
| Unit/Apartment | $360,752 | -1.2% |
Gross rental yield: 3.0% (units tend to yield higher than houses in Tullamarine).
Who Lives Here
Tullamarine attracts a mix of young professionals and established families. The suburb is known for Tullamarine local shops, community feel, suburban lifestyle.
Average resident profile:
- Age: Predominantly 35-55
- Household: Couples and young families
- Income: Around or slightly below metro median
Renting Tips for Tullamarine
Apply fast. Good properties in Tullamarine get 20-40 applications. Have your documents ready: 100 points of ID, recent payslips, rental history, references.
Inspect in person. Photos lie. Check water pressure, phone reception, natural light at the time of day you’d actually be home. Open the cupboards. Flush the toilet.
Look beyond Barkly Drive. The main strip has more foot traffic but also more noise. One or two blocks back, you get the same proximity for less money.
Know your rights. Victorian tenancy law caps rent increases to once per 12 months. Your landlord must give 60 days notice. Urgent repairs must be addressed within 24 hours (blocked toilet, no hot water, gas leak).
Budget beyond rent. Factor in: utilities ($150-250/month), internet ($70-90/month), contents insurance ($15-25/month), and transport (Public transport options in Tullamarine).
Investment Outlook
Tullamarine is an affordable entry point with long-term potential as Melbourne expands. The 3.0% gross yield is below the metro average — you’re buying for capital growth here.
Key factors:
- Transport: Public transport options in Tullamarine
- Schools: Good public school zone
- Infrastructure: Level crossing removal and station upgrades underway
Suburb Character & Lifestyle
Tullamarine runs unpretentious, multicultural, value-driven. The main commercial strip along Barkly Drive is where most of the daily life happens — cafes, restaurants, and essential services within walking distance for those who live close. The neighbourhood is known for Tullamarine local shops, community feel, suburban lifestyle, which drives both rental demand and property values.
The housing stock is predominantly post-war homes with newer medium-density developments filling former industrial sites. For renters, the most common options are 1-2 bedroom apartments in newer builds along the main road. For buyers, the entry point is typically a 1-bedroom apartment for investors at the lower end of the market.
Transport reality: Public transport options in Tullamarine. The commute to the CBD is realistic for daily workers, and most residents report using a combination of public transport, cycling, and driving depending on the trip.
Cost of Living Snapshot
| Expense | Typical Cost |
|---|---|
| Coffee | $4.00-4.50 |
| Brunch | $15-22 |
| Dinner out | $18-32 pp |
| Pint of beer | $10-12 |
| Cocktail | $15-20 |
| Groceries | $170/wk (couple) |
| Utilities | $235/mo (1br) |
| Internet | $70-90/mo (NBN) |
The Bigger Picture
Tullamarine represents one of the more affordable entry points into the Melbourne market, with new developments expanding housing stock. The suburb is unpretentious, multicultural, value-driven, which attracts families seeking quality schools and green space.
5-year outlook: Above-average growth potential due to demand-supply imbalance. The fundamentals — location, transport, lifestyle amenity — are solid.
What to watch: Transport upgrades will improve connectivity.
Nearby
- Melbourne CBD Property
- Tullamarine Cost of Living
- Tullamarine Things to Do
- Compare Suburbs
- All Tullamarine Guides
Last updated: March 2026. Data sources: Domain, REA Group, SQM Research.
Keep Exploring
More in this area:
- Community Guide in Tullamarine
- Coworking Guide in Tullamarine
- Council Services in Tullamarine
- Library Guide in Tullamarine
- Playground Guide in Tullamarine
Useful tools:
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