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Taroona
AREA REPORTS

Taroona

Taroona - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7053

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Homeowners and real estate investors betting on TAROONA, 7053 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 21.36%.

A steady increase in median property prices over a five-year period in the suburb translates to a 38.45% capital gain.

Property investors in TAROONA enjoyed capital gains of 21.36% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $983,000.

Profits due to an upward trend in home prices there averaged 12.82% per annum over a 3-year period.

Home owners selling their properties and realtors in TAROONA usually have to wait an average of 20.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $562.5 mark, reflecting a 2.98% increase in returns based on the current median price in TAROONA.

TAROONA, 7053 places 89th in Australia based on median property value growth during the quarter.

Data report can be found below

Taroona
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $983,000 N/A
GROWTH REPORT
Median Quarterly 6.27% N/A
Median 12 month 21.36% N/A
Median 3 years 38.45% N/A
Median 5 years 92.76% N/A
10 years average annual 8.65% N/A
Weekly media advert. rent $562.5 N/A
Time on Market 20.2 days N/A
Gross Rental Yield Percent 2.98% N/A
demographics (median values)*
Total Population
3574
Weekly Household Income
1678
Household Size
2.60
Age
46
Monthly Loan Repayment
1625
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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