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Property investors have seen a -3.91% drop in TARRO based on a decrease 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 $393,000
Profits averaged 7.22% 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 $369 based on current median home prices for the suburb.
The gross rental yield in TARRO, 2322 is 4.88%.
An average of 1.33 real estate transactions take place per month in TARRO which translates to 16 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $393,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.91% | N/A |
| Median 12 month | -1.75% | N/A |
| Median 3 years | 21.67% | N/A |
| Median 5 years | 27.39% | N/A |
| 10 years average annual | 4.06% | N/A |
| Weekly media advert. rent | $369 | N/A |
| Time on Market | 28.6 days | N/A |
| Gross Rental Yield Percent | 4.88% | N/A |
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