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TAREN POINT, 2229 ranks 297th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.38% 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 $1,695,000.
The downward trend in home prices in TAREN POINT, 2229 averaged -6.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $1000 mark, reflecting a 3.07% increase in returns based on the current median price in TAREN POINT.
An average of 2.08 real estate transactions take place per month in TAREN POINT which translates to 25 per annum.
25 properties were sold in TAREN POINT in 2016, making it the 806th most active market in NSW based on total real estate transactions.
TAREN POINT, 2229 places 192nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.38%||N/A|
|Median 3 years||-19.67%||N/A|
|Median 5 years||-7.38%||N/A|
|10 years average annual||3.97%||N/A|
|Weekly media advert. rent||$1000||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.07%||N/A|