Powered by MOMENTUM MEDIA
Taree
AREA REPORTS

Taree

Taree - 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 19.4% for the past year.

Investors saw the median home price rise to $400,000.

Profits due to an upward trend in home prices in the suburb averaged 5.88% per annum over a 3-year period.

TAREE now ranks at the 806th 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 $370 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 55.0 days.

In 2016, 385 properties were sold in TAREE during the past year, making it the 553rd most active market in NSW based on total real estate transactions.

Data report can be found below

Taree
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $400,000 $282,000
GROWTH REPORT
Median Quarterly 4.58% -2.42%
Median 12 month 19.4% 15.69%
Median 3 years 17.65% 28.18%
Median 5 years 50.94% 61.27%
10 years average annual 5.94% 5.99%
Weekly media advert. rent $370 $280
Time on Market 55.0 days 62.3 days
Gross Rental Yield Percent 4.81% 5.16%
demographics (median values)*
Total Population
34018
Weekly Household Income
913
Household Size
2.30
Age
48
Monthly Loan Repayment
1309
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.