Suburb Profile Report for Taree NSW (2430)

Taree House: Median price $340,000, Annual capital growth 4.38%, Number of sales 313, Weekly median advertised rent $330

Taree Unit: Median price $220,000, Annual capital growth 3.60%, Number of sales 63, Weekly median advertised rent $260

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

Giving property investors a a stable capital gain of 9.68% for the last year, Taree, 2430 is the 1017th highest performer in Australia in this respect.

Taree,2430 has offered an average of 9.68% return per annum in house price rises to property investors over the last three years.

Taree2430 is located in NSW which offers an average discount of -6.18% to property investors. Taree itself is showing figures that indicate -4.73% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

With a capital gain of 10.55% for the last 12 months, Taree, 2430 has performed for property investments than its average annual 3.60% property growth over the last 5 years.

Over the longer term, Taree has seen property prices show investors a 20.55% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Taree is offering property investors an average of -5.18. This rate of discount on properties puts Suburb at number 99th in terms of most discounted suburbs in NSW

At number 301 in a list of fastest selling suburbs, Taree is in the TOP 30% of suburbs in Australia with an average of days on market 50.55 for properties listed there.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.15%, without taking into account capital value appreciation, which has been averaging out at 3.60%.

Metrics i HOUSE UNIT
$340,000 $220,000
0.59% 7.32%
9.68% 10.55%
4.38% 3.60%
$330 $260
313 63
5.05% 6.15%
63.13 50.55

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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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