TAREN POINT, 2229 ranks 2nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 47.73% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,600,000.
The upward trend in home prices in TAREN POINT, 2229 averaged 33.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $850 mark, reflecting a 1.7% increase in returns based on the current median price in TAREN POINT.
An average of 1.5 real estate transactions take place per month in TAREN POINT which translates to 18 per annum.
18 properties were sold in TAREN POINT in 2016, making it the 961st most active market in NSW based on total real estate transactions.
TAREN POINT, 2229 places 5th in Australia based on median property value growth during the quarter.
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