Suburb Profile Report for Tarro NSW (2322)

Tarro House: Median price $319,000, Annual capital growth 3.27%, Number of sales 23, Weekly median advertised rent $338

Tarro Unit: Median price $300,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1631th in the list of Australian suburbs ordered by increase in median house value over the last year, Tarro, 2322 is in the top 40% with a property value increase of 6.33% recorded in median house prices.

Across a shorter period, Tarro, 2322 has seen a median price increase of 3.07% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Tarro itself are offering an average vendor discount of -3.79% to real estate investors.

Tarro, 2322’s gross rental yield is 5.50%

Property buyers and investors in Tarro 2322 should be seeing an average reduction in asking price of around -2.04% . This means that Tarro is holding prices well when compared to other suburbs in NSW.

At number 1464 in a list of fastest selling suburbs, Tarro is in the bottom 10% of suburbs in Australia with an average of days on market 198.81 for properties listed there.

Situated 49.90km from the CBD, Tarro is one of Newcastle localities in the postcode 2322.

HOUSE UNIT
$319,000 $300,000
3.07% N/A
6.33% N/A
3.27% N/A
$338 N/A
23 10
5.50% N/A
50.47 198.81

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 1640
Median household income ($/weekly) 936
Median age of persons 41
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 203 12.4
    35-44 years 223 13.6
    45-54 years 201 12.2
    55-64 years 243 14.8
    65-74 years 183 11.1
    Others 589 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 618 49.4
    Not Married 516 41.3
    Defacto Relationship 116 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1441 92.1
    Greece 13 0.8
    Papua New Guinea 22 1.4
    United Kingdom 40 2.6
    Other 12 0.8
    Others 36 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 13 0.8
    Christianity 1206 78.7
    Hinduism 4 0.3
    Other Religious Groups 6 0.4
    No Religion 300 19.6
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 63 10.8
    $400-$599 90 15.4
    $600-$799 56 9.6
    $1,000-$1,249 55 9.4
    $1,500-$1,999 77 13.1
    Others 245 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 565 44.2
    Employed, worked full-time 411 32.2
    Employed, worked part-time 202 15.8
    Employed, away from work 57 4.5
    Unemployed, looking for work 43 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 116 17.3
    Clerical & administrative workers 87 13.0
    Sales 70 10.4
    Machinery operators & drivers 102 15.2
    Labourers 129 19.2
    Others 167 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 27 8.7
    Infants/Primary 126 40.8
    Secondary 100 32.4
    Technical or Further Educational Institution 32 10.4
    University or other Tertiary Institutions 18 5.8
    Others 6 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1504 94.7
    Semi-detached, row or terrace house, townhouse 58 3.7
    Flat, unit or apartment 26 1.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 290 46.3
    Being purchased 201 32.1
    Rented 135 21.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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