With a capital gain of -13.33% for the last 12 months, Taren Point, 2229 has performed for property investments than its average annual 15.89% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Taren Point,2229 has racked up an average of -13.33% over the period. This ranks it number 1040th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $750 and the average annual increase in value of a median property of 15.89%, investors should hope to achieve an overall return of 2.14%
If we look at median property appreciation over just the last three months, Taren Point has given property investors a paper return of 2.55%. This puts Suburb as 226 on a list of fastest fasting appreciating suburbs in NSW
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.23% offered to property buyers. Sellers in Taren Point itself are offering an average vendor discount of -7.43% to real estate investors.