‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
TAREN POINT, 2229 ranks 454th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.48% for property investors.
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 $2,050,000.
The upward trend in home prices in TAREN POINT, 2229 averaged 8.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $800 mark, reflecting a 2.03% increase in returns based on the current median price in TAREN POINT.
An average of 0.92 real estate transactions take place per month in TAREN POINT which translates to 11 per annum.
11 properties were sold in TAREN POINT in 2016, making it the 1348th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,050,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 16.48% | N/A |
| Median 3 years | 25.38% | N/A |
| Median 5 years | 91.59% | N/A |
| 10 years average annual | 11.15% | N/A |
| Weekly media advert. rent | $800 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.03% | N/A |
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