Suburb Profile Report for Taree NSW (2430)

Taree House: Median price $277,000, Annual capital growth 2.33%, Number of sales 357, Weekly median advertised rent $320

Taree Unit: Median price $180,000, Annual capital growth 1.29%, Number of sales 73, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$277,000 $180,000
2.78% 2.94%
8.63% -3.23%
2.33% 1.29%
$320 $250
357 73
6.01% 7.22%
83.17 80.85

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 15848
Median household income ($/weekly) 704
Median age of persons 44
Median housing loan repayment ($/monthly) 1287
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2035 12.8
    35-44 years 1745 11.0
    45-54 years 1957 12.3
    55-64 years 1975 12.5
    65-74 years 1820 11.5
    Others 6317 39.9
    Age Group
    Census Count Percent(%)
    Not Married 5261 46.5
    Registered Married 4976 44.0
    Defacto Relationship 1075 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 13733 92.3
    New Zealand 53 0.4
    Papua New Guinea 146 1.0
    United Kingdom 402 2.7
    Other 148 1.0
    Others 391 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 0.7
    Christianity 11684 80.8
    Hinduism 37 0.3
    Other Religious Groups 31 0.2
    No Religion 2575 17.8
    Others 43 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 806 14.1
    $400-$599 1101 19.2
    $600-$799 815 14.2
    $800-$999 637 11.1
    $1,000-$1,249 519 9.1
    Others 1844 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6335 52.4
    Employed, worked full-time 2898 24.0
    Employed, worked part-time 1898 15.7
    Unemployed, looking for work 637 5.3
    Employed, away from work 329 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 770 15.0
    Technicians & trades workers 730 14.2
    Community & personal service workers 636 12.4
    Sales 716 14.0
    Labourers 794 15.5
    Others 1479 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 307 9.3
    Infants/Primary 1260 38.3
    Secondary 1031 31.4
    Technical or Further Educational Institution 399 12.1
    University or other Tertiary Institutions 207 6.3
    Others 83 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12544 86.2
    Semi-detached, row or terrace house, townhouse 693 4.8
    Flat, unit or apartment 1282 8.8
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 25 0.2
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2292 37.3
    Fully owned 2249 36.6
    Being purchased 1550 25.2
    Other tenure type 56 0.9
    Tenure Type
Census 2011, ABS
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