Suburb Profile Report for Taree NSW (2430)

Taree House: Median price $315,000, Annual capital growth 3.61%, Number of sales 368, Weekly median advertised rent $330

Taree Unit: Median price $199,500, Annual capital growth 2.15%, Number of sales 87, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Taree has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.13%

Comparing Taree,2430 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Taree is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 580th in terms of most discounted suburbs in NSW

Residents and property investors in Taree have been waiting around 56.7 days to sell a property.

The NSW suburb of Taree, 2430 is in the Greater Taree local government area.

At number 498th in the list of Australian suburbs ordered by increase in median house value over the last year, Taree, 2430 is in the top 30% with a property value increase of 10.22% recorded in median house prices.

Taree,2430 was ranked 1463 in Australia by increase in median property value over the quarter.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Taree itself are offering an average vendor discount of -3.85% to real estate investors.

Advertised rents are around the $260 mark per week – giving a return of 6.78% based on the median price in Suburb

Metrics i HOUSE UNIT
$315,000 $199,500
5.00% -3.27%
14.13% 10.22%
3.61% 2.15%
$330 $260
368 87
5.45% 6.78%
56.7 55.85

Source: CoreLogic

DSR Score for property investment : Good (H), 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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