Powered by MOMENTUM MEDIA
AREA REPORTS

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.

Investors saw the median home price rise to $327,000.

Profits due to an upward trend in home prices in the suburb averaged 7.72% per annum over a 3-year period.

TAREE now ranks at the 627th 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 $340 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 94.5 days.

In 2016, 278 properties were sold in TAREE during the past year, making it the 703rd 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 $327,000 $253,000
GROWTH REPORT
Median Quarterly -0.91% 3.27%
Median 12 month -3.89% 9.05%
Median 3 years 23.16% 40.56%
Median 5 years 38.85% 49.7%
10 years average annual 4.22% 5.7%
Weekly media advert. rent $340 $250
Time on Market 94.5 days 80.1 days
Gross Rental Yield Percent 5.41% 5.14%
demographics (median values)
Total Population
15552
Weekly Household Income
601.2
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Australia

The impact of the economy on housing: State-by-state

The correlation between state and territory economies and local property values cannot be underestimated, so what economic headwinds (and t...

property investor

Price recovery flips property industry sentiment

Property industry stakeholders are increasingly optimistic about the market outlook amid the rapid recovery in dwelling values, according to...

Bondi Sydney

Sydney set for world-leading property price growth

Sydney is one of three capital cities around the world earmarked to see residential price value growth of more than 6 per cent in 2020.  ...

8 tips when researching your next dream purchase

8 tips when researching your next dream purchase

There are eight factors to take into consideration when researching a property to add to your portfolio, according to an industry expert. ...

More rental homes urgently needed in Victoria

More rental homes urgently needed in Victoria

An already tough regional Victorian housing market is likely to be hugely impacted by the state’s bushfire crisis, a real estate body has ...

Perth

Property market update: Perth, December 2019

While the Perth property market continued its downward trend towards the bottom of the market, experts believe that the Western Australian c...

Website Notifications

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