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Suburb Insights ยท VIC 3551

Tarnagulla 3551, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Tarnagulla is a regional centre in Victoria, Australia, with a population of approximately 153, making it a boutique locality. Located approximately 153 km from the Melbourne CBD, Tarnagulla is a regional area in Victoria. The median household income is $40,508 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Tarnagulla's income profile suggests a value-oriented market with competitive purchase prices. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Tarnagulla, Victoria, Australia.

Key Indicators

Postcode
3551

Official Australia Post postcode for Tarnagulla. A postcode may cover multiple suburbs.

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Population
153

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$155/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$40,508/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
153 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$637/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
63% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Tarnagulla serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $155/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $637/month.

Investment Strategy

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Buy & Hold

Capital growth in Tarnagulla may be constrained โ€” consider alternative strategies.

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Rental Yield

Achieving strong cash flow in Tarnagulla is challenging at current rent-to-price ratios.

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Renovation / Flip

Renovation or flip strategies in Tarnagulla face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Tarnagulla

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Tarnagulla faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Landlords in Tarnagulla may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Tarnagulla a good suburb for investment?

Tarnagulla is a regional area in Victoria with a population of 153. The median rent is $155/week and the median household income is $40,508/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Tarnagulla?

Key demand drivers in Tarnagulla include regional employment hubs, lifestyle, and affordability. 63% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Tarnagulla?

According to the ABS 2021 Census, Tarnagulla has a population of approximately 153. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Tarnagulla from the Melbourne CBD?

Tarnagulla is approximately 153 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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