TAREN POINT, 2229 ranks 452nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.59% 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 $2,737,500.
The upward trend in home prices in TAREN POINT, 2229 averaged 3.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $1475 mark, reflecting a 2.8% increase in returns based on the current median price in TAREN POINT.
An average of 1.83 real estate transactions take place per month in TAREN POINT which translates to 22 per annum.
22 properties were sold in TAREN POINT in 2016, making it the 873rd most active market in NSW based on total real estate transactions.
TAREN POINT, 2229 places 337th 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 $1,515,000.
Average median unit prices in NSW have risen as a whole, pulling TAREN POINT, 2229 values up and netting property investors a capital gain of 22.67% for the past year.
Investors saw the median home price rise to $1,515,000.
The upward trend in home prices in TAREN POINT, 2229 averaged 7.07% per annum over a 3-year period.
TAREN POINT now ranks at the 25th 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 99 days.
15 properties were sold in TAREN POINT in 2016, making it the 500th most active market in NSW based on total real estate transactions.