TAREN POINT, 2229 ranks 521st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.45% 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 $2,650,000.
The upward trend in home prices in TAREN POINT, 2229 averaged 5.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $1225 mark, reflecting a 2.4% 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 1001st most active market in NSW based on total real estate transactions.
TAREN POINT, 2229 places 195th in Australia based on median property value growth during the quarter.
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 $1,300,000.
Investors saw the median home price rise to $1,300,000.
The upward trend in home prices in TAREN POINT, 2229 averaged 1.33% per annum over a 3-year period.
TAREN POINT now ranks at the 545th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TAREN POINT are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In TAREN POINT, homes and units usually stay on listing for an average of 70.2 days.
17 properties were sold in TAREN POINT in 2016, making it the 455th most active market in NSW based on total real estate transactions.