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 9.80%.
Over the longer term, Taree has seen property prices show investors a 21.74% return over the last 3 years. This is worse than over the last 12 months
At number 711th of NSW’s most discounted properties, Taree is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Taree the average time real estate has been on the market is 80.78 days.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.
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 -2.12%
Over the longer term, Taree has seen property prices show investors a 19.35% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Taree 2430 should be seeing an average reduction in asking price of around -4.29% . This means that Taree is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 1.71%, investors should hope to achieve an overall return of 7.03%