COVID-19 pandemic may create a ‘two-speed rental market’
The COVID-19 pandemic may be leading to a “two-speed rental market”, with suburbs closer to the city likely to experience greater rental...
Property investors have seen a 3.49% gain in TARRO based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains TARRO, 2322 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $400,000
Profits averaged 5.09% per annum over a 3-year period, due to an upward trend in home prices in TARRO, 2322.
This means, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
The gross rental yield in TARRO, 2322 is 4.62%.
An average of 1.42 real estate transactions take place per month in TARRO which translates to 17 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.49% | N/A |
| Median 12 month | 6.67% | N/A |
| Median 3 years | 15.27% | N/A |
| Median 5 years | 25.39% | N/A |
| 10 years average annual | 4.64% | N/A |
| Weekly media advert. rent | $355 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.62% | N/A |
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