Taree is an average performer in NSW when comparing median price capital growth over the last year. Taree gave property investors a average capital gain figure when compared to the rest of the state, with 8.63%.
Taree,2430 was ranked 1369 in Australia by increase in median property value over the quarter.
Vendor discounting in Taree is giving property investors an average Vendor Discount of around -4.71%. This puts suburb at number 753th in NSW when ranking the most discounted suburbs.
In the last year 357 properties changed hands in Taree, which puts it as the 12th most active market in NSW when comparing the number of sales per suburb.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 6.01%, without taking into account capital value appreciation, which has been averaging out at 2.33%.
Investment property in Taree has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.23%
While Taree,2430 ranked number 181th in NSW for increase in median house value (annualised) increase, it is ranked 455th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Taree itself are offering an average vendor discount of -4.70% to real estate investors.
At number 789 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 80.85 for properties listed there.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.