Over the last year, property investments in Taree, 2430 have given investors a capital gain of 10.80%. This compares favourably with the 6.38% for NSW as a whole.
If we look at median property appreciation over just the last three months, Taree has given property investors a paper return of 3.75%. This puts Suburb as 373 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.55% to buyers in Taree at the moment, which is less than average for the rest of NSW.
In the last year 348 properties changed hands in Taree, which puts it as the 12th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
If you compare the increase in value of investment property in Taree, 2430 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Taree comes in at number 440th in NSW.
Property investors looking for a bargain in Taree should be aiming for at least -4.05% off the asking price, which is the average vendor discount being achieved at the moment.
At number 773 in a list of fastest selling suburbs, Taree is just in the bottom half of suburbs in Australia with an average of days on market 79.61 for properties listed there.
Property investors should expect to get $250 weekly from the median priced house in this suburb.