With a capital gain of 18.95% for the last 12 months, Taree, 2430 has performed for property investments than its average annual 4.26% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Taree has increased when compared to the 5 year average annual rate.
Vendor discounting in Taree is giving property investors an average Vendor Discount of around -3.95%. This puts suburb at number 956th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Taree the average time real estate has been on the market is 64.74 days.
Taree, 2430’s gross rental yield is 5.06%
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 10.81%
Taking the average capital gain, or increase in median house value, Taree,2430 has racked up an average of 10.81% over the period. This ranks it number 775th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Taree should be aiming for at least -4.62% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 6.42 sales per month, which equates to 77 per year.
Taree is 10th on a list of best yielding suburbs for rents in NSW with a 6.79% return