2/46 Broadmeadows Road, Tullamarine, Vic 3043
Auction | $660k - $690k
3 2 1
Open Thursday 25 June 6:15 pm Auction Saturday 11 July 10:00 amOriginally a farming district known for hay and cattle, the area transformed significantly with the opening of Melbourne Airport in 1970. Residential development peaked in the 1970s and 80s to house airport and industrial workers.
A mix of established residential pockets, light industrial zones, and major transport infrastructure catering to families and logistics professionals.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Tullamarine serves as a critical 'blue-collar' engine room for Melbourne. For buyers, it represents a trade-off between logistical convenience and environmental noise, making it a niche but resilient market.
$720k – $950k
$480k – $620k
12-month movement
Current asking rents
Prices have shown resilience due to the lack of new land supply and the constant demand from the airport's workforce, though growth lags behind noise-free neighbors.
Price comparison
Median price ÷ median income
Estimated rental yield
Tullamarine remains accessible for middle-income earners, though the cost of required soundproofing for renovations can add significant hidden expenses.
Lower = tighter market
Avg time on market
Annual rental increase
Airport staff, logistics workers, and young families seeking value.
Strong. The constant churn of airport staff ensures low vacancy rates. Capital growth is moderate, but cash flow is typically superior to inner-city suburbs.
Expect steady, moderate growth. Tullamarine will likely track slightly below the Melbourne average for capital gains but remain a top performer for rental yield and occupancy.
vs last 12 months
Relative comparison
Check specific street lighting and proximity to industrial zones which can be deserted at night.
The primary risks are environmental and regulatory, centered around the airport's operations and noise overlays.
Low risk; some localized flash flooding near Moonee Ponds Creek catchments.
Negligible risk for the residential core.
Standard premiums apply, though some insurers may query specific noise-related building materials.
ANEF (Aircraft Noise Exposure Forecast), MAEO (Melbourne Airport Environs Overlay)
Infill townhouse developments along Melrose Drive and near the primary school.
The MAEO overlay is critical; it can mandate specific construction standards (AS2021) and limit the density of new dwellings.
Highly dependent on cars; bus network connects to Essendon/Broadmeadows.
Excellent shopping nearby; local cafes are limited but improving.
Tullamarine Reserve and various pocket parks provide decent outdoor space.
Tullamarine Primary is well-regarded; secondary students often travel to Gladstone Park.
Good access to local GPs; close to Northern Hospital and Royal Melbourne.
A hardworking, multicultural community with a strong base of long-term residents and young families.
The high percentage of airport-linked employment provides a unique economic buffer for the suburb.
Dominated by the Melbourne Airport Master Plan and surrounding commercial logistics hubs.
Residents value the convenience and affordability but frequently express frustration with aircraft noise and traffic.
I work at the airport, so I can be at my desk in 10 minutes. You get used to the planes, but the freeway traffic is the real headache.
We bought here because it was the only place we could afford a house with a backyard. The noise is tough during the night flights.
Never had a vacancy longer than a week. There's always a pilot or a baggage handler looking for a place.
Position the property as a 'strategic lifestyle choice' for airport professionals or a 'high-yield asset' for savvy investors.
Tullamarine is a yield play, not a high-capital-growth play.
Changes to flight paths could decrease the desirability of specific streets.
Very close to a major employment hub and decent shopping.
Noise can be a major issue for light sleepers or those working from home.
Ensure all properties meet the minimum Victoria rental standards, specifically regarding weatherproofing and insulation.
Focus on 'Minutes to the Terminal' and 'Unbeatable Freeway Access'.
Airport employees, logistics managers, and yield-focused investors.
This report is based on data available as of 2026-03-13. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent research and consult with professionals before making any property purchase.
Now
Before
Auction | $660k - $690k
3 2 1
Open Thursday 25 June 6:15 pm Auction Saturday 11 July 10:00 am
Private Sale | $340k - $360k
1 1
Open Thursday 25 June 5:30 pm
$690,000 to $750,000
3 2 2
Open Saturday 18 July 10:00 am Auction Saturday 18 July 10:30 am
AUCTION | $490,000 - $530,000
2 1 1
Auction Saturday 11 July 11:00 am
AUCTION | $720,000-$760,000
3 1 2
Open Saturday 27 June 10:45 am Auction Saturday 11 July 1:00 pm
AUCTION | $740,000-$780,000
3 1 2
Open Saturday 27 June 12:15 pm Auction Saturday 11 July 3:00 pm
AUCTION | $700,000-$750,000
3 1 2
Open Thursday 25 June 5:15 pm Auction Saturday 11 July 11:00 am
AUCTION | $690,000 - $730,000
4 2 1
Open Thursday 25 June 5:45 pm Auction Saturday 4 July 11:00 am
AUCTION | $840,000-$880,000
3 2 2
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