AREA REPORTS

Taree

 

 

NSW/
Taree

Suburb Profile

Taree - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2430

house
unit

TAREE, 2430 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling TAREE, 2430 values up and netting property investors a capital gain of 3.03% for the past year.

Investors saw the median home price rise to $340,000.

Profits due to an upward trend in home prices in the suburb averaged 11.11% per annum over a 3-year period.

TAREE now ranks at the 549th 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 TAREE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $330 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TAREE, homes and units usually stay on listing for an average of 64.6 days.

In 2016, 372 properties were sold in TAREE during the past year, making it the 550th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $340,000 $249,500
GROWTH REPORT
Median Quarterly -0.44% 7.54%
Median 12 month 3.03% 21.71%
Median 3 years 33.33% 33.78%
Median 5 years 44.68% 60.97%
10 years average annual 5.15% 4.98%
Weekly media advert. rent $330 $260
Time on Market 64.6 days 53.2 days
Gross Rental Yield Percent 5.05% 5.42%
demographics (median values)
Total Population
15552
Weekly Household Income
601.2
Household Size
2.30
demographics
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